Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Exelon Corporation $EXC

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,571,531 shares of the company’s stock after selling 117,252 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Exelon worth $115,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Exelon in the 2nd quarter worth about $589,122,000. Canada Pension Plan Investment Board increased its stake in shares of Exelon by 164.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after acquiring an additional 3,476,942 shares during the last quarter. State Street Corp lifted its holdings in shares of Exelon by 4.0% during the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after acquiring an additional 2,491,064 shares during the period. Vanguard Group Inc. boosted its position in shares of Exelon by 1.6% in the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after acquiring an additional 2,075,014 shares during the last quarter. Finally, Man Group plc grew its holdings in Exelon by 99.4% in the second quarter. Man Group plc now owns 3,034,725 shares of the company’s stock valued at $131,768,000 after purchasing an additional 1,512,552 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXC. Morgan Stanley reiterated an “underperform” rating and issued a $52.00 price target on shares of Exelon in a report on Thursday, November 20th. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. Barclays boosted their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. UBS Group cut their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, BTIG Research assumed coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus price target of $49.85.

Exelon Trading Up 1.0%

NASDAQ:EXC opened at $43.32 on Wednesday. The business’s 50-day moving average is $44.58 and its two-hundred day moving average is $44.68. The firm has a market capitalization of $43.77 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46. Exelon Corporation has a 12 month low of $37.32 and a 12 month high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last issued its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.17. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

Exelon Company 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.