Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in Exelon Corporation $EXC

Sumitomo Mitsui Trust Group Inc. cut its holdings in Exelon Corporation (NASDAQ:EXC) by 5.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,529,243 shares of the company’s stock after selling 138,752 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Exelon were worth $123,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Resonant Capital Advisors LLC raised its holdings in Exelon by 2.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock valued at $460,000 after acquiring an additional 217 shares during the period. PFG Investments LLC boosted its holdings in shares of Exelon by 1.6% in the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock worth $698,000 after acquiring an additional 218 shares during the period. Plimoth Trust Co. LLC grew its position in shares of Exelon by 1.8% in the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock valued at $569,000 after purchasing an additional 230 shares in the last quarter. Westfuller Advisors LLC grew its position in shares of Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after purchasing an additional 232 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Exelon by 2.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock valued at $376,000 after purchasing an additional 233 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of EXC stock traded up $0.42 on Friday, reaching $46.80. The company’s stock had a trading volume of 7,943,274 shares, compared to its average volume of 8,871,097. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. Exelon Corporation has a 12-month low of $42.47 and a 12-month high of $50.65. The company has a market capitalization of $47.89 billion, a P/E ratio of 17.14, a PEG ratio of 2.69 and a beta of 0.31. The stock’s 50 day simple moving average is $45.77 and its 200-day simple moving average is $46.27.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and set a $49.00 price objective (down from $52.00) on shares of Exelon in a report on Friday, April 17th. TD Cowen reduced their target price on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Morgan Stanley decreased their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Citigroup assumed coverage on shares of Exelon in a report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target on the stock. Finally, Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $50.00 to $49.00 in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.27.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.