Resona Asset Management Co. Ltd. Trims Stock Holdings in Exelon Corporation $EXC

Resona Asset Management Co. Ltd. decreased its stake in Exelon Corporation (NASDAQ:EXC) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 321,377 shares of the company’s stock after selling 17,898 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Exelon were worth $14,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Exelon by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after buying an additional 595,555 shares in the last quarter. Lazard Asset Management LLC increased its position in Exelon by 32.9% in the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after buying an additional 5,554,494 shares in the last quarter. Wellington Management Group LLP increased its position in Exelon by 2.2% in the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after buying an additional 393,917 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Exelon by 5.6% in the third quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock worth $704,825,000 after acquiring an additional 833,171 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Exelon by 5.1% in the third quarter. Northern Trust Corp now owns 14,030,184 shares of the company’s stock worth $631,499,000 after acquiring an additional 681,371 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXC. Wells Fargo & Company set a $50.00 price objective on Exelon in a research note on Tuesday, April 21st. Citigroup began coverage on Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective for the company. Scotiabank upped their price objective on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. Truist Financial began coverage on Exelon in a research note on Monday, April 20th. They issued a “hold” rating and a $50.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $49.00 price objective (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.33.

Exelon Stock Performance

NASDAQ EXC opened at $44.87 on Thursday. The business has a 50-day moving average price of $47.26 and a 200-day moving average price of $46.03. Exelon Corporation has a twelve month low of $42.11 and a twelve month high of $50.65. The firm has a market cap of $45.91 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.58 and a beta of 0.32. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The company had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio is presently 61.54%.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.