Exelon Co. (NASDAQ:EXC) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,841 shares of the company’s stock after purchasing an additional 547 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Exelon were worth $1,349,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EXC. Rosenberg Matthew Hamilton increased its position in shares of Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after acquiring an additional 275 shares in the last quarter. Wesbanco Bank Inc. raised its position in Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after purchasing an additional 296 shares during the period. PFG Investments LLC lifted its stake in shares of Exelon by 2.4% during the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after purchasing an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after purchasing an additional 311 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Exelon by 3.0% in the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock worth $450,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Exelon Stock Up 2.9 %

NASDAQ:EXC opened at $44.02 on Thursday. The stock has a 50-day simple moving average of $42.31 and a 200 day simple moving average of $40.06. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The company has a market capitalization of $44.44 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period in the prior year, the business posted $0.60 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent research reports. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Scotiabank upped their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and an average price target of $45.13.

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.