Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Grows Stake in Exelon Co. (EXC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Exelon Co. (NYSE:EXC) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,384 shares of the energy giant’s stock after acquiring an additional 5,833 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Exelon were worth $5,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. bought a new stake in shares of Exelon during the 3rd quarter worth $102,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $118,000. Cerebellum GP LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $122,000. BB&T Investment Services Inc. purchased a new stake in shares of Exelon in the second quarter valued at $162,000. Finally, MPS Loria Financial Planners LLC purchased a new stake in shares of Exelon in the second quarter valued at $167,000. 77.71% of the stock is owned by institutional investors and hedge funds.

Shares of Exelon Co. (EXC) opened at $35.98 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. Exelon Co. has a 1-year low of $33.30 and a 1-year high of $42.67. The stock has a market capitalization of $34,707.18, a price-to-earnings ratio of 13.96, a P/E/G ratio of 2.78 and a beta of 0.23.

Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The firm had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. Exelon’s revenue was up 6.4% on a year-over-year basis. analysts predict that Exelon Co. will post 3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.84%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, February 14th. Exelon’s dividend payout ratio (DPR) is currently 33.16%.

In related news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

EXC has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded Exelon from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Royal Bank of Canada restated a “buy” rating and issued a $43.00 target price on shares of Exelon in a report on Tuesday, November 7th. Mizuho initiated coverage on Exelon in a report on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Exelon currently has an average rating of “Buy” and a consensus target price of $41.22.

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Exelon Profile

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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