Exelon Co. (NASDAQ:EXC) Stock Holdings Decreased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its position in Exelon Co. (NASDAQ:EXC) by 23.3% in the 4th quarter, Holdings Channel reports. The fund owned 32,971 shares of the company’s stock after selling 10,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Exelon were worth $1,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Addison Advisors LLC increased its holdings in shares of Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. Moors & Cabot Inc. lifted its position in Exelon by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after buying an additional 303 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of Exelon by 6.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock valued at $212,000 after acquiring an additional 347 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Exelon by 1.3% in the third quarter. HBK Sorce Advisory LLC now owns 27,689 shares of the company’s stock worth $1,046,000 after acquiring an additional 351 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its stake in shares of Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock worth $917,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent research reports. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Scotiabank lowered their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays raised their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. BMO Capital Markets lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.83.

Exelon Stock Down 0.9 %

Shares of NASDAQ EXC traded down $0.34 during mid-day trading on Friday, hitting $36.69. The company had a trading volume of 4,187,738 shares, compared to its average volume of 6,614,843. The firm has a 50-day simple moving average of $37.43 and a two-hundred day simple moving average of $36.88. Exelon Co. has a one year low of $33.35 and a one year high of $43.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $36.69 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. On average, equities analysts expect that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio is 65.52%.

Exelon 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.