Sumitomo Mitsui DS Asset Management Company Ltd Lowers Stock Position in Exelon Corporation (NASDAQ:EXC)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EXC. IFP Advisors Inc boosted its stake in Exelon by 71.9% in the fourth quarter. IFP Advisors Inc now owns 3,547 shares of the company's stock worth $134,000 after buying an additional 1,483 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Exelon during the fourth quarter valued at approximately $4,289,000. SVB Wealth LLC purchased a new stake in shares of Exelon during the fourth quarter valued at approximately $490,000. Smartleaf Asset Management LLC boosted its stake in shares of Exelon by 54.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,661 shares of the company's stock valued at $364,000 after purchasing an additional 3,409 shares during the period. Finally, Norden Group LLC boosted its stake in shares of Exelon by 5.2% during the fourth quarter. Norden Group LLC now owns 7,227 shares of the company's stock valued at $272,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Trading Up 0.8%

EXC stock traded up $0.33 on Friday, reaching $43.25. The company's stock had a trading volume of 3,602,321 shares, compared to its average volume of 7,118,265. The business has a fifty day simple moving average of $43.80 and a two-hundred day simple moving average of $42.72. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The firm has a market cap of $43.66 billion, a PE ratio of 16.08, a PEG ratio of 2.49 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EXC shares. Wells Fargo & Company increased their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Guggenheim increased their price objective on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. UBS Group reissued a "neutral" rating and set a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $47.40.

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.