Exelon Co. (NASDAQ:EXC) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,793 shares of the company’s stock after buying an additional 4,288 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Exelon were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Black Diamond Financial LLC grew its holdings in shares of Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after buying an additional 279 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Exelon by 3.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after buying an additional 304 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in Exelon by 2.2% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock valued at $553,000 after acquiring an additional 310 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Exelon by 3.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,381 shares of the company’s stock valued at $325,000 after acquiring an additional 312 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Exelon by 8.9% in the second quarter. First Horizon Advisors Inc. now owns 4,096 shares of the company’s stock worth $142,000 after acquiring an additional 334 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on EXC. Scotiabank upped their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their target price on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company lifted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley upped their price objective on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday. They set a “buy” rating and a $46.00 target price for the company. Eleven 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, the stock has a consensus rating of “Hold” and a consensus price target of $40.33.

Exelon Stock Down 0.5 %

EXC stock opened at $39.29 on Friday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm has a 50-day simple moving average of $37.65 and a 200-day simple moving average of $37.01. The stock has a market capitalization of $39.29 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.88 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the previous year, the business earned $0.41 EPS. Equities analysts forecast that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.87%. Exelon’s payout ratio is presently 65.52%.

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.