Asset Management One Co. Ltd. Acquires 25,513 Shares of Exelon Corporation (NASDAQ:EXC)

Asset Management One Co. Ltd. lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 6.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 411,063 shares of the company’s stock after purchasing an additional 25,513 shares during the period. Asset Management One Co. Ltd.’s holdings in Exelon were worth $18,942,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Ameriflex Group Inc. bought a new stake in Exelon during the 4th quarter worth about $25,000. Millstone Evans Group LLC bought a new stake in Exelon during the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in Exelon during the 4th quarter worth about $36,000. CoreFirst Bank & Trust bought a new stake in Exelon during the 4th quarter worth about $40,000. Finally, Opal Wealth Advisors LLC bought a new stake in Exelon during the 1st quarter worth about $50,000. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXC. BMO Capital Markets boosted their price objective on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Evercore ISI boosted their price objective on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. KeyCorp cut Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective for the company. in a report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their target price on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus price target of $47.40.

Exelon Price Performance

Exelon stock opened at $42.29 on Thursday. The firm has a market capitalization of $42.69 billion, a P/E ratio of 15.72, a PEG ratio of 2.49 and a beta of 0.39. Exelon Corporation has a 1 year low of $34.01 and a 1 year high of $48.11. The business has a 50-day moving average of $44.31 and a 200-day moving average of $42.42. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the firm earned $0.68 EPS. Exelon’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.78%. Exelon’s dividend payout ratio is presently 59.48%.

Exelon Company 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.