Nippon Life Global Investors Americas Inc. Invests $592,000 in Exelon Co. (NASDAQ:EXC)

Nippon Life Global Investors Americas Inc. bought a new position in shares of Exelon Co. (NASDAQ:EXC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,100 shares of the company’s stock, valued at approximately $592,000.

Other institutional investors also recently bought and sold shares of the company. Heritage Wealth Advisors grew its stake in shares of Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC acquired a new stake in Exelon during the first quarter valued at $26,000. Crewe Advisors LLC purchased a new position in Exelon in the first quarter valued at $26,000. Versant Capital Management Inc increased its holdings in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in shares of Exelon in the second quarter worth about $28,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

EXC opened at $40.27 on Monday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The firm has a market capitalization of $40.29 billion, a PE ratio of 17.36, a PEG ratio of 2.93 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The firm’s 50-day moving average price is $37.83 and its 200 day moving average price is $37.06.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the firm posted $0.41 EPS. As a group, sell-side analysts expect that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.77%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EXC shares. UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday. Jefferies Financial Group started coverage on Exelon in a report on Thursday. They issued a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank increased their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley boosted their price target on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.83.

About Exelon

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.