Sumitomo Mitsui Trust Group Inc. Has $112.53 Million Stake in Exelon Corporation (NASDAQ:EXC)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,442,017 shares of the company's stock after purchasing an additional 16,226 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Exelon worth $112,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC bought a new position in Exelon in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Exelon during the 4th quarter worth $36,000. CoreFirst Bank & Trust bought a new stake in shares of Exelon during the 4th quarter valued at $40,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Exelon during the 4th quarter valued at $44,000. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EXC. UBS Group reaffirmed a "neutral" rating and set a $48.00 price objective (up from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI lifted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Finally, KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $47.40.

Exelon Stock Up 1.3%

NASDAQ EXC traded up $0.58 during trading hours on Tuesday, reaching $44.00. 1,492,676 shares of the company's stock were exchanged, compared to its average volume of 7,089,099. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The company has a market capitalization of $44.42 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.48 and a beta of 0.40. The company's 50-day moving average is $44.08 and its two-hundred day moving average is $42.62. Exelon Corporation has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. On average, analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.64%. Exelon's payout ratio is presently 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.