Exelon Co. (NASDAQ:EXC) Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Exelon Co. (NASDAQ:EXC) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 732,985 shares of the company’s stock after selling 34,000 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Exelon worth $27,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Davidson Investment Advisors raised its holdings in shares of Exelon by 0.4% in the 4th quarter. Davidson Investment Advisors now owns 377,845 shares of the company’s stock worth $14,222,000 after purchasing an additional 1,516 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Exelon by 2.5% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 30,345 shares of the company’s stock worth $1,142,000 after purchasing an additional 738 shares in the last quarter. Key Financial Inc raised its holdings in shares of Exelon by 12.5% in the 4th quarter. Key Financial Inc now owns 6,462 shares of the company’s stock worth $243,000 after purchasing an additional 718 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Exelon by 438.1% in the 4th quarter. Venturi Wealth Management LLC now owns 5,828 shares of the company’s stock worth $219,000 after purchasing an additional 4,745 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Exelon by 4.0% in the 4th quarter. CIBC Asset Management Inc now owns 322,546 shares of the company’s stock worth $12,141,000 after purchasing an additional 12,308 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley dropped their target price 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. Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Scotiabank boosted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.38.

Exelon Stock Up 0.5 %

Exelon stock opened at $43.39 on Friday. The firm has a market cap of $43.62 billion, a PE ratio of 17.71, a P/E/G ratio of 2.82 and a beta of 0.56. 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 moving average price is $39.41 and its two-hundred day moving average price is $39.09. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $43.69.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating 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 period last year, the firm posted $0.60 EPS. On average, research analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 65.31%.

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.