Exelon Co. (NASDAQ:EXC) Stock Position Decreased by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. lowered its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,250 shares of the company's stock after selling 5,280 shares during the period. Sompo Asset Management Co. Ltd.'s holdings in Exelon were worth $1,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Exelon during the 4th quarter worth approximately $479,597,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. FMR LLC raised its position in Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after buying an additional 5,524,103 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after acquiring an additional 3,068,309 shares during the period. Finally, Vanguard Group Inc. lifted its position in Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares of the company's stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Scotiabank upped their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Morgan Stanley increased their price target on shares of Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. UBS Group boosted their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Evercore ISI reaffirmed an "in-line" rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a report on Tuesday, April 15th. Finally, BMO Capital Markets raised their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Exelon currently has an average rating of "Hold" and a consensus price target of $46.67.

Exelon Stock Up 0.4 %

Shares of Exelon stock traded up $0.21 during trading hours on Monday, hitting $46.43. 2,083,064 shares of the company's stock traded hands, compared to its average volume of 8,270,910. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. The stock has a 50 day simple moving average of $44.73 and a 200-day simple moving average of $41.05. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The company has a market cap of $46.87 billion, a PE ratio of 18.94, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.45%. Exelon's dividend payout ratio (DPR) is currently 65.31%.

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.