Exelon Corporation (NASDAQ:EXC) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Exelon Corporation by 14.8% during the first quarter, owning approximately 1.89 million shares valued at $87.1 million.
• Exelon reported earnings of $0.39 per share, beating estimates, alongside a revenue of $5.43 billion for the quarter, reflecting a 1.2% increase year-over-year.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 3.5%, demonstrating a dividend payout ratio of 60.84%.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 14.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,891,122 shares of the company's stock after buying an additional 243,560 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Exelon worth $87,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. Price T Rowe Associates Inc. MD boosted its position in Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after buying an additional 7,483,873 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after purchasing an additional 2,137,439 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after purchasing an additional 1,988,212 shares during the last quarter. Finally, FIL Ltd purchased a new stake in shares of Exelon during the 4th quarter worth $65,155,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Down 0.5%

NASDAQ:EXC traded down $0.22 during midday trading on Friday, hitting $45.32. 3,803,099 shares of the company were exchanged, compared to its average volume of 6,082,460. The company has a fifty day simple moving average of $43.44 and a 200 day simple moving average of $43.80. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $45.77 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for 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%. Exelon's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon's payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EXC shares. UBS Group reaffirmed a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. 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 report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. KeyCorp decreased their price objective 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. Finally, Guggenheim lifted their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $47.20.

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.