Sompo Asset Management Co. Ltd. Lowers Stock Holdings in Exelon Co. (NASDAQ:EXC)

Sompo Asset Management Co. Ltd. reduced its position in Exelon Co. (NASDAQ:EXC) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,720 shares of the company’s stock after selling 2,250 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Exelon were worth $1,652,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXC. Heritage Wealth Advisors raised its stake in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after purchasing an additional 495 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Exelon during the 1st quarter valued at $26,000. Crewe Advisors LLC purchased a new position in Exelon in the first quarter worth $26,000. Versant Capital Management Inc increased its stake in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in Exelon during the second quarter valued at about $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday. They set a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Barclays upped their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley upped their price target on shares of Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.83.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $40.27 on Friday. The business has a fifty day moving average price of $37.83 and a 200-day moving average price of $37.05. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The company has a market capitalization of $40.29 billion, a PE ratio of 17.36, a PEG ratio of 2.93 and a beta of 0.53. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48.

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

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.77%. Exelon’s dividend payout ratio is 65.52%.

Exelon 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.