California State Teachers Retirement System reduced its holdings in Exelon Co. (NYSE:EXC) by 2.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,775,616 shares of the energy giant’s stock after selling 39,910 shares during the period. California State Teachers Retirement System’s holdings in Exelon were worth $89,012,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. First Bank & Trust purchased a new position in shares of Exelon in the 1st quarter worth $25,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Exelon in the 1st quarter worth $29,000. Braun Bostich & Associates Inc. grew its stake in shares of Exelon by 51.7% in the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after buying an additional 209 shares in the last quarter. Capital Financial Planning LLC purchased a new position in shares of Exelon in the 4th quarter worth $29,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of Exelon by 58.5% during the 1st quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock worth $32,000 after purchasing an additional 234 shares during the period. 79.79% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Joseph Nigro sold 53,800 shares of Exelon stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the sale, the executive vice president now owns 99,574 shares in the company, valued at approximately $4,937,874.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paymon Aliabadi sold 17,500 shares of Exelon stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.36, for a total transaction of $846,300.00. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
A number of equities analysts recently commented on EXC shares. SunTrust Banks reaffirmed a “hold” rating and set a $49.00 price target on shares of Exelon in a research note on Tuesday, February 12th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Exelon in a research note on Friday, February 8th. Mizuho lifted their price target on shares of Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Morgan Stanley lifted their price target on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Finally, Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $43.00 to $47.00 in a research note on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and an average target price of $48.97.
EXC stock opened at $49.56 on Monday. Exelon Co. has a 12 month low of $39.63 and a 12 month high of $51.03. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. The stock has a market cap of $48.12 billion, a P/E ratio of 15.88, a PEG ratio of 4.19 and a beta of 0.37.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business posted $0.96 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts expect that Exelon Co. will post 3.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.3625 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.45 dividend on an annualized basis and a yield of 2.93%. Exelon’s payout ratio is 46.47%.
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Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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