Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui Trust Group Inc. increased its position in Exelon Co. (NASDAQ:EXC - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,385,715 shares of the company's stock after acquiring an additional 39,726 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Exelon worth $96,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company's stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Clearbridge Investments LLC raised its position in Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company's stock valued at $61,830,000 after acquiring an additional 156,201 shares in the last quarter. Czech National Bank lifted its holdings in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company's stock valued at $6,594,000 after acquiring an additional 15,389 shares during the period. Acadian Asset Management LLC purchased a new stake in Exelon in the 1st quarter worth approximately $681,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Exelon by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,126,655 shares of the company's stock worth $42,328,000 after purchasing an additional 36,508 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Trading Up 0.5 %

Shares of EXC traded up $0.19 during midday trading on Thursday, reaching $38.33. The company had a trading volume of 1,209,299 shares, compared to its average volume of 6,730,362. The firm has a 50 day simple moving average of $39.67 and a 200-day simple moving average of $37.78. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $38.52 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. Research analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.97%. Exelon's dividend payout ratio (DPR) is currently 62.55%.

Analyst Ratings Changes

Several research firms recently commented on EXC. Scotiabank raised their price target on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 price target for the company. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Wells Fargo & Company increased their target price on Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.33.

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.