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

Dai ichi Life Insurance Company Ltd lifted its position in Exelon Co. (NASDAQ:EXC) by 75.8% during the third quarter, Holdings Channel reports. The institutional investor owned 57,971 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Exelon were worth $2,351,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EXC. Versant Capital Management Inc grew its holdings in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Exelon in the 2nd quarter worth $28,000. American National Bank & Trust grew its stake in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Abound Wealth Management increased its position in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after buying an additional 744 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in Exelon in the third quarter valued at about $32,000. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Morgan Stanley dropped their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.25.

Exelon Stock Up 0.1 %

Shares of EXC stock opened at $39.51 on Thursday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42. The stock has a market cap of $39.70 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.79 and a beta of 0.54. The stock has a 50 day moving average of $39.60 and a 200 day moving average of $37.86. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is currently 62.55%.

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.