Meiji Yasuda Asset Management Co Ltd. Raises Stake in Exelon Corporation $EXC

Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Exelon Corporation (NASDAQ:EXC) by 4.0% in the first quarter, Holdings Channel reports. The firm owned 37,273 shares of the company’s stock after acquiring an additional 1,432 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Exelon were worth $1,718,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Caxton Associates LLP purchased a new stake in Exelon in the first quarter worth about $286,000. Signature Estate & Investment Advisors LLC purchased a new stake in Exelon in the first quarter worth about $356,000. Teza Capital Management LLC purchased a new stake in Exelon in the first quarter worth about $546,000. Scientech Research LLC purchased a new stake in Exelon in the first quarter worth about $1,072,000. Finally, Parallax Volatility Advisers L.P. purchased a new stake in Exelon in the first quarter worth about $1,196,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

EXC stock opened at $43.09 on Wednesday. The firm has a market cap of $43.52 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.52 and a beta of 0.41. The firm has a 50-day simple moving average of $43.99 and a two-hundred day simple moving average of $44.21. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio is 60.84%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EXC shares. Morgan Stanley reaffirmed an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st. UBS Group reaffirmed a “neutral” rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, KeyCorp decreased their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average target price of $47.20.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.