Maryland State Retirement & Pension System Acquires 59,638 Shares of Exelon Corporation $EXC

Maryland State Retirement & Pension System grew its holdings in Exelon Corporation (NASDAQ:EXC) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 958,907 shares of the company’s stock after acquiring an additional 59,638 shares during the quarter. Exelon accounts for approximately 0.9% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 20th biggest position. Maryland State Retirement & Pension System owned about 0.09% of Exelon worth $41,636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Hazlett Burt & Watson Inc. raised its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Exelon during the first quarter worth about $34,000. Investment Research & Advisory Group Inc. acquired a new position in Exelon during the second quarter worth about $39,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon during the first quarter worth about $42,000. Finally, Opal Wealth Advisors LLC acquired a new position in Exelon during the first quarter worth about $50,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several research analyst reports. KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Evercore ISI initiated coverage on Exelon in a research note on Monday. They set an “outperform” rating and a $57.00 target price for the company. UBS Group reissued a “neutral” rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley lowered their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average target price of $48.11.

Exelon Stock Performance

Exelon stock opened at $46.62 on Thursday. The business has a 50 day moving average of $44.32 and a 200-day moving average of $44.28. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market capitalization of $47.09 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.74 and a beta of 0.40.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.4%. Exelon’s dividend payout ratio is presently 60.84%.

About Exelon

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.