Sumitomo Mitsui Trust Holdings Inc. Has $81.20 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Exelon Co. (NASDAQ:EXC) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,345,989 shares of the company’s stock after selling 133,332 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.23% of Exelon worth $81,195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Exelon by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after purchasing an additional 2,352,547 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares in the last quarter. Norges Bank bought a new position in shares of Exelon during the fourth quarter valued at about $382,015,000. Finally, Putnam Investments LLC lifted its position in shares of Exelon by 2.9% during the fourth quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock valued at $348,639,000 after purchasing an additional 274,967 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock traded up $0.11 during midday trading on Friday, reaching $37.61. The company had a trading volume of 5,962,282 shares, compared to its average volume of 6,869,449. 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 Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The company has a market capitalization of $37.61 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.72 and a beta of 0.52. The firm has a 50-day moving average price of $35.96 and a 200-day moving average price of $36.41.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the previous year, the company earned $0.41 EPS. On average, research analysts anticipate that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be issued a $0.38 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.04%. Exelon’s payout ratio is 65.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXC shares. BMO Capital Markets raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Scotiabank dropped their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley lowered their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Barclays lifted their price objective on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.27.

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.