Sumitomo Mitsui Trust Group Inc. Has $96.74 Million Position in Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui Trust Group Inc. lifted its stake in Exelon Co. (NASDAQ:EXC) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,385,715 shares of the company’s stock after acquiring an additional 39,726 shares during the quarter. 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.

A number of other hedge funds have also modified their holdings of the stock. GSA Capital Partners LLP increased its stake in shares of Exelon by 209.5% in the third quarter. GSA Capital Partners LLP now owns 25,607 shares of the company’s stock worth $1,038,000 after acquiring an additional 17,334 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of Exelon by 25.9% in the third quarter. Apollon Wealth Management LLC now owns 11,448 shares of the company’s stock worth $464,000 after acquiring an additional 2,356 shares during the last quarter. Versor Investments LP acquired a new position in shares of Exelon in the third quarter worth $1,383,000. Patten & Patten Inc. TN acquired a new position in shares of Exelon in the third quarter worth $224,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Exelon in the third quarter worth $32,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Down 0.1 %

NASDAQ EXC opened at $38.14 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a 50-day simple moving average of $39.69 and a 200 day simple moving average of $37.77. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42. The stock has a market cap of $38.32 billion, a PE ratio of 15.70, a PEG ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Analysts Set New Price Targets

EXC has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Morgan Stanley upped their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.