Sumitomo Mitsui Trust Holdings Inc. Acquires 4,228 Shares of Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in Exelon Co. (NASDAQ:EXC) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,479,321 shares of the company’s stock after acquiring an additional 4,228 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.25% of Exelon worth $93,148,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Heritage Wealth Advisors grew its position in Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after acquiring an additional 495 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Exelon during the first quarter valued at about $26,000. Fortis Group Advisors LLC bought a new stake in shares of Exelon during the third quarter worth about $31,000. Bruce G. Allen Investments LLC acquired a new position in shares of Exelon in the fourth quarter valued at approximately $34,000. Finally, OLD Point Trust & Financial Services N A bought a new position in Exelon in the 4th quarter valued at approximately $39,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on EXC shares. Barclays upped their price target on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Wells Fargo & Company increased their price target on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Scotiabank lowered their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, Morgan Stanley reduced their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.91.

Exelon Stock Up 0.6 %

Shares of NASDAQ EXC opened at $34.73 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The firm has a market cap of $34.73 billion, a PE ratio of 14.97, a P/E/G ratio of 2.53 and a beta of 0.52. The company’s fifty day simple moving average is $36.59 and its 200 day simple moving average is $36.20. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. As a group, sell-side analysts forecast that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, May 10th. Exelon’s dividend payout ratio is currently 65.52%.

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.