Exelon Co. (NASDAQ:EXC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,361,709 shares of the company's stock after selling 290,440 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.43% of Exelon worth $164,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after acquiring an additional 3,068,309 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. Amundi grew its holdings in Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company's stock valued at $235,390,000 after purchasing an additional 2,160,201 shares during the period. State Street Corp boosted its position in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company's stock valued at $94,152,000 after acquiring an additional 2,018,604 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Morgan Stanley increased their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. UBS Group lifted their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.13.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Exelon Stock Up 1.0 %

Exelon stock traded up $0.46 during midday trading on Friday, reaching $44.71. The company's stock had a trading volume of 8,285,209 shares, compared to its average volume of 6,806,051. The business has a 50-day simple moving average of $42.51 and a 200-day simple moving average of $40.14. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. 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 $45.14 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.86 and a beta of 0.51.

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

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.58%. This is a boost from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio is currently 65.31%.

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.