Sumitomo Mitsui Trust Holdings Inc. Reduces Stake in Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Exelon Co. (NASDAQ:EXC) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,475,093 shares of the company’s stock after selling 186,311 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Exelon were worth $88,856,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Antonetti Capital Management LLC raised its position in shares of Exelon by 98.8% in the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Addison Advisors LLC raised its position in shares of Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after acquiring an additional 276 shares in the last quarter. Fortis Group Advisors LLC bought a new position in shares of Exelon in the 3rd quarter worth approximately $31,000. Bruce G. Allen Investments LLC bought a new position in shares of Exelon in the 4th quarter worth approximately $34,000. Finally, GHP Investment Advisors Inc. raised its position 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 in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of a number of analyst reports. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. UBS Group lowered Exelon from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Barclays raised their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, Bank of America reduced their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average target price of $39.09.

Exelon Price Performance

NASDAQ EXC opened at $36.42 on Thursday. The company has a market capitalization of $36.40 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The business’s fifty day moving average is $36.29 and its 200 day moving average is $37.10. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71.

Exelon (NASDAQ:EXC) last released its 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 company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. Exelon’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.17%. Exelon’s payout ratio is 65.24%.

Exelon Company Profile

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.