Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,475,093 shares of the company's stock after selling 186,311 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Exelon worth $88,856,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Antonetti Capital Management LLC increased its stake in Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company's stock worth $30,000 after buying an additional 400 shares during the period. Addison Advisors LLC increased its stake in shares of Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company's stock valued at $31,000 after purchasing an additional 276 shares during the period. Fortis Group Advisors LLC bought a new stake in Exelon during the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC acquired a new stake in Exelon in the fourth quarter worth about $34,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Exelon by 263.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company's stock worth $36,000 after acquiring an additional 612 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Stock Performance
Shares of NASDAQ:EXC traded up $0.26 during midday trading on Thursday, reaching $36.68. The company had a trading volume of 4,395,540 shares, compared to its average volume of 6,700,335. The company's 50 day moving average price is $36.35 and its 200 day moving average price is $37.10. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The stock has a market cap of $36.66 billion, a P/E ratio of 15.74, a P/E/G ratio of 2.61 and a beta of 0.54. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.71.
Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.37 billion for the quarter, compared to analysts' expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.41 EPS for the current fiscal year.
Exelon Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.38 dividend. This is an increase from Exelon's previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a yield of 4.14%. Exelon's dividend payout ratio is 65.24%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Bank of America reduced their target price on shares of Exelon from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 19th. TheStreet lowered shares of Exelon from a "b-" rating to a "c+" rating in a research report on Wednesday, February 7th. Barclays raised their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, March 14th. UBS Group downgraded Exelon from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $47.00 to $37.00 in a report on Tuesday, January 2nd. Finally, Wells Fargo & Company dropped their target price on Exelon from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $39.09.
Check Out Our Latest Research Report on EXC
Exelon Company 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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