Sumitomo Mitsui DS Asset Management Company Ltd Has $6.16 Million Stock Holdings in Exelon Corporation (NASDAQ:EXC)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in Exelon Corporation (NASDAQ:EXC) by 18.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,650 shares of the company’s stock after selling 30,802 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Exelon were worth $6,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in shares of Exelon by 71.9% during the fourth quarter. IFP Advisors Inc now owns 3,547 shares of the company’s stock worth $134,000 after purchasing an additional 1,483 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Exelon during the 4th quarter worth approximately $4,289,000. SVB Wealth LLC acquired a new position in Exelon in the 4th quarter valued at approximately $490,000. Smartleaf Asset Management LLC raised its stake in shares of Exelon by 54.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,661 shares of the company’s stock valued at $364,000 after acquiring an additional 3,409 shares during the last quarter. Finally, Norden Group LLC lifted its holdings in shares of Exelon by 5.2% during the fourth quarter. Norden Group LLC now owns 7,227 shares of the company’s stock worth $272,000 after purchasing an additional 358 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXC shares. BMO Capital Markets boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. UBS Group reissued a “neutral” rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Evercore ISI raised their price objective on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research report on Friday, May 2nd. Morgan Stanley reduced their target price on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. Finally, Guggenheim increased their target price on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $47.40.

Exelon Trading Down 1.1%

NASDAQ EXC opened at $42.92 on Thursday. The stock has a market capitalization of $43.33 billion, a P/E ratio of 15.96, a P/E/G ratio of 2.51 and a beta of 0.39. The business has a 50 day simple moving average of $43.92 and a 200 day simple moving average of $42.63. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. Exelon Corporation has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. Research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.73%. Exelon’s dividend payout ratio (DPR) is presently 59.48%.

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.