Sumitomo Mitsui Trust Holdings Inc. Sells 186,311 Shares of Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Exelon Co. (NASDAQ:EXC) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,475,093 shares of the company’s stock after selling 186,311 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of Exelon worth $88,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EXC. Antonetti Capital Management LLC increased its holdings in shares of Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Exelon during the 3rd quarter worth $31,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Exelon during the 4th quarter worth $34,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Exelon by 263.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock worth $36,000 after purchasing an additional 612 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EXC shares. Bank of America reduced their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. UBS Group lowered Exelon from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $47.00 to $37.00 in a report on Tuesday, January 2nd. Barclays increased their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. TheStreet downgraded Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Finally, Seaport Res Ptn downgraded Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.09.

Exelon Price Performance

Exelon stock opened at $36.42 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $36.40 billion, a PE ratio of 15.63, a P/E/G ratio of 2.61 and a beta of 0.54. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.71. The stock has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $37.10.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Analysts expect that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.38 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. Exelon’s dividend payout ratio is presently 65.24%.

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.