Sumitomo Life Insurance Co. Lowers Position in Exelon Co. (NASDAQ:EXC)

Sumitomo Life Insurance Co. decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 3.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,687 shares of the company’s stock after selling 529 shares during the period. Sumitomo Life Insurance Co.’s holdings in Exelon were worth $515,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EXC. R Squared Ltd purchased a new position in Exelon during the 4th quarter valued at about $151,000. Perigon Wealth Management LLC increased its stake in shares of Exelon by 42.7% during the fourth quarter. Perigon Wealth Management LLC now owns 14,782 shares of the company’s stock valued at $582,000 after purchasing an additional 4,423 shares in the last quarter. Greenup Street Wealth Management LLC purchased a new position in shares of Exelon during the fourth quarter valued at approximately $2,274,000. Pacer Advisors Inc. lifted its holdings in shares of Exelon by 36.7% during the fourth quarter. Pacer Advisors Inc. now owns 168,897 shares of the company’s stock valued at $6,357,000 after purchasing an additional 45,359 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Exelon by 122.5% in the 4th quarter. KBC Group NV now owns 329,388 shares of the company’s stock worth $12,398,000 after purchasing an additional 181,333 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.1 %

Shares of EXC stock opened at $40.02 on Friday. The stock has a market capitalization of $40.21 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.61 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average is $38.18 and its 200 day moving average is $38.49. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Exelon’s revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Exelon Co. will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of recent research reports. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Barclays decreased their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $43.13.

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.