Mitsubishi UFJ Asset Management Co. Ltd. Purchases 122,160 Shares of Exelon Co. (NASDAQ:EXC)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Exelon Co. (NASDAQ:EXC) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,647,562 shares of the company’s stock after acquiring an additional 122,160 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Exelon worth $62,690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXC. Millstone Evans Group LLC bought a new position in shares of Exelon in the fourth quarter worth about $28,000. Stephens Consulting LLC increased its position in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Exelon during the fourth quarter worth approximately $30,000. Crews Bank & Trust bought a new position in Exelon during the fourth quarter worth $34,000. Finally, Capital Advisors Ltd. LLC raised its stake in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Transactions at Exelon

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

Analyst Ratings Changes

A number of brokerages have recently commented on EXC. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. UBS Group raised their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley increased their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.13.

Exelon Stock Up 1.0 %

EXC opened at $44.71 on Friday. The firm has a market cap of $45.14 billion, a price-to-earnings ratio of 18.25, a PEG 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. The firm’s 50-day simple moving average is $42.51 and its 200-day simple moving average is $40.13. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 quarter last year, the business earned $0.60 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.58%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

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.