Nomura Holdings Inc. decreased its stake in shares of Exelon Co. (NYSE:EXC) by 76.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,828 shares of the energy giant’s stock after selling 964,110 shares during the period. Nomura Holdings Inc.’s holdings in Exelon were worth $13,970,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Centersquare Investment Management LLC acquired a new position in Exelon during the 1st quarter worth about $26,000. Kempen Capital Management N.V. bought a new stake in Exelon in the 2nd quarter valued at $27,000. Quantamental Technologies LLC bought a new stake in Exelon in the 2nd quarter valued at $29,000. Manchester Financial Inc. bought a new stake in Exelon in the 2nd quarter valued at $30,000. Finally, Resources Investment Advisors LLC. raised its stake in Exelon by 167.5% in the 2nd quarter. Resources Investment Advisors LLC. now owns 634 shares of the energy giant’s stock valued at $30,000 after acquiring an additional 397 shares during the period. 79.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on EXC. Argus restated a “buy” rating and issued a $53.00 price target on shares of Exelon in a research note on Wednesday. ValuEngine cut Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Barclays upgraded Exelon from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $54.00 to $52.00 in a research report on Tuesday, August 13th. They noted that the move was a valuation call. KeyCorp started coverage on Exelon in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Finally, Morgan Stanley upgraded Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $50.97.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, August 1st. The energy giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. On average, equities research analysts predict that Exelon Co. will post 3.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.363 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.45 annualized dividend and a dividend yield of 3.00%. Exelon’s payout ratio is 46.47%.
In related news, CEO Calvin Butler, Jr. sold 31,000 shares of Exelon stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the transaction, the chief executive officer now owns 40,331 shares of the company’s stock, valued at $1,919,352.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by insiders.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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