Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Exelon Co. (NASDAQ:EXC - Free Report) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,728 shares of the company's stock after acquiring an additional 33,121 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Exelon were worth $6,112,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EXC. Crewe Advisors LLC purchased a new position in shares of Exelon during the first quarter valued at about $26,000. American National Bank & Trust increased its position in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after buying an additional 447 shares during the period. Register Financial Advisors LLC purchased a new position in shares of Exelon during the first quarter valued at about $26,000. Versant Capital Management Inc increased its position in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company's stock valued at $27,000 after buying an additional 672 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in shares of Exelon during the second quarter valued at about $28,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Scotiabank boosted their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Exelon presently has an average rating of "Hold" and a consensus target price of $41.33.

Exelon Stock Performance

Exelon stock traded up $0.18 during midday trading on Friday, reaching $40.95. 6,103,568 shares of the company traded hands, compared to its average volume of 6,422,198. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. The business has a 50 day moving average of $39.17 and a two-hundred day moving average of $37.52. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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 company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts predict that Exelon Co. will post 2.45 earnings per share for the current 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 issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.71%. Exelon's dividend payout ratio is currently 62.55%.

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.