Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,650 shares of the company's stock after selling 30,802 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Exelon were worth $6,159,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in EXC. Centre Asset Management LLC increased its stake in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after acquiring an additional 233 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in shares of Exelon by 3.3% during the first quarter. Confluence Wealth Services Inc. now owns 8,670 shares of the company's stock valued at $406,000 after buying an additional 275 shares during the last quarter. Stanley Laman Group Ltd. grew its stake in shares of Exelon by 3.8% during the first quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock valued at $409,000 after buying an additional 323 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of Exelon by 2.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after buying an additional 324 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Exelon by 1.8% during the fourth quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock valued at $708,000 after buying an additional 335 shares during the last quarter. Institutional investors own 80.92% of the company's stock.
Exelon Stock Up 0.8%
Shares of EXC stock traded up $0.33 during trading hours on Friday, hitting $43.25. 3,602,321 shares of the company's stock traded hands, compared to its average volume of 7,124,182. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock's fifty day simple moving average is $43.80 and its two-hundred day simple moving average is $42.77. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The stock has a market cap of $43.66 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.49 and a beta of 0.39.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period last year, the company earned $0.68 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Exelon Corporation will post 2.64 EPS for the current year.
Exelon Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 3.70%. Exelon's payout ratio is presently 59.48%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Wells Fargo & Company increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a report on Wednesday, May 14th. Evercore ISI raised their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Finally, UBS Group restated a "neutral" rating and issued a $48.00 price objective (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $47.40.
Check Out Our Latest Analysis on EXC
Exelon Profile
(
Free Report)
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.
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