Sumitomo Mitsui Trust Group Inc. Acquires 246,766 Shares of Exelon Corporation $EXC

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,688,783 shares of the company’s stock after buying an additional 246,766 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Exelon worth $116,747,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EXC. Providence Wealth Advisors LLC boosted its stake in Exelon by 0.6% in the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock valued at $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. CWM LLC grew its stake in shares of Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after purchasing an additional 226 shares during the period. Catalyst Financial Partners LLC grew its position in shares of Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after buying an additional 230 shares during the period. Finally, Focus Partners Wealth raised its holdings in Exelon by 0.6% in the first quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock worth $1,836,000 after purchasing an additional 234 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group increased their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. BTIG Research assumed coverage on shares of Exelon in a report on Tuesday. They set a “neutral” rating on the stock. Barclays upped their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.36.

Exelon Stock Up 0.9%

Exelon stock opened at $48.03 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company has a fifty day simple moving average of $44.96 and a 200 day simple moving average of $44.50. The company has a market cap of $48.51 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

About Exelon

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.