Daiwa Securities Group Inc. Has $6.08 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Daiwa Securities Group Inc. lowered its holdings in shares of Exelon Co. (NASDAQ:EXC) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,344 shares of the company’s stock after selling 10,510 shares during the period. Daiwa Securities Group Inc.’s holdings in Exelon were worth $6,080,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EXC. Steph & Co. grew its position in Exelon by 2.0% in the fourth quarter. Steph & Co. now owns 19,831 shares of the company’s stock valued at $712,000 after acquiring an additional 397 shares during the last quarter. Maple Brown Abbott Ltd grew its holdings in shares of Exelon by 38.0% during the 4th quarter. Maple Brown Abbott Ltd now owns 2,349,580 shares of the company’s stock valued at $84,350,000 after purchasing an additional 646,710 shares during the last quarter. KLCM Advisors Inc. increased its position in Exelon by 23.9% during the 4th quarter. KLCM Advisors Inc. now owns 7,503 shares of the company’s stock worth $269,000 after purchasing an additional 1,448 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Exelon by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,014 shares of the company’s stock valued at $16,909,000 after purchasing an additional 66,676 shares during the last quarter. Finally, SVB Wealth LLC boosted its position in Exelon by 25.4% in the fourth quarter. SVB Wealth LLC now owns 11,773 shares of the company’s stock valued at $423,000 after buying an additional 2,381 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 2.4 %

Shares of Exelon stock opened at $37.55 on Friday. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.68 and a beta of 0.54. The stock’s 50-day moving average is $36.43 and its 200 day moving average is $37.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. Exelon Co. has a one year low of $33.35 and a one year high of $43.71.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts anticipate that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.05%. Exelon’s payout ratio is 65.24%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. TheStreet downgraded Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and cut their target price for the stock from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Finally, Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and an average target price of $39.09.

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.