Exelon Co. (NASDAQ:EXC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Exelon Co. (NASDAQ:EXC) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,361,709 shares of the company’s stock after selling 290,440 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.43% of Exelon worth $164,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Millstone Evans Group LLC acquired a new position in shares of Exelon in the 4th quarter valued at about $28,000. Stephens Consulting LLC lifted its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in Exelon during the fourth quarter worth approximately $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon in the fourth quarter worth $34,000. Finally, Capital Advisors Ltd. LLC increased its position in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after acquiring an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. UBS Group upped their price target on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley upped their price target on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, Scotiabank lifted their price objective 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Exelon Stock Performance

Shares of EXC opened at $43.58 on Tuesday. The firm has a market cap of $44.00 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.86 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The business’s 50 day moving average is $42.09 and its two-hundred day moving average is $40.00. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period in the previous year, the firm earned $0.60 EPS. Analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s payout ratio is currently 65.31%.

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.