Nissay Asset Management Corp Japan ADV Buys 13,501 Shares of Exelon Co. (NASDAQ:EXC)

Nissay Asset Management Corp Japan ADV grew its position in Exelon Co. (NASDAQ:EXC - Free Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,351 shares of the company's stock after acquiring an additional 13,501 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Exelon were worth $8,435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Wesbanco Bank Inc. raised its stake in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after acquiring an additional 296 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company's stock valued at $495,000 after purchasing an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock valued at $697,000 after purchasing an additional 311 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Exelon by 3.0% in the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock valued at $450,000 after purchasing an additional 322 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its holdings in shares of Exelon by 2.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

EXC has been the subject of a number of research reports. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Scotiabank raised their price target on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. UBS Group raised their price target on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $47.30.

Exelon Trading Up 0.7%

Shares of NASDAQ EXC traded up $0.30 during midday trading on Monday, reaching $44.39. 6,429,427 shares of the stock were exchanged, compared to its average volume of 7,283,810. The business has a 50-day simple moving average of $45.23 and a two-hundred day simple moving average of $41.57. The company has a market capitalization of $44.81 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 2.86 and a beta of 0.43. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.60%. Exelon's dividend payout ratio is 59.48%.

Exelon 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.