Resona Asset Management Co. Ltd. Decreases Stake in Exelon Corporation $EXC

Resona Asset Management Co. Ltd. lowered its holdings in Exelon Corporation (NASDAQ:EXC) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,377 shares of the company’s stock after selling 17,898 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Exelon were worth $14,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Optima Capital LLC purchased a new position in shares of Exelon in the fourth quarter worth $25,000. LRI Investments LLC raised its stake in shares of Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 392 shares during the last quarter. Beacon Financial Strategies CORP purchased a new position in shares of Exelon in the fourth quarter worth $26,000. Root Financial Partners LLC purchased a new position in shares of Exelon in the third quarter worth $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Exelon by 289.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after purchasing an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.6%

Exelon stock opened at $44.87 on Thursday. The stock has a market cap of $45.91 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 2.58 and a beta of 0.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a one year low of $42.11 and a one year high of $50.65. The stock has a fifty day moving average of $47.26 and a 200 day moving average of $46.03.

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

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EXC shares. Jefferies Financial Group cut Exelon from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $50.00 in a research note on Monday, April 20th. Morgan Stanley decreased their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Wells Fargo & Company set a $50.00 price target on Exelon in a research note on Tuesday, April 21st. Mizuho set a $48.00 price objective on Exelon and gave the company a “neutral” rating in a research report on Friday, April 17th. Finally, Citigroup started coverage on Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $50.33.

Exelon Company 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.