California State Teachers Retirement System Reduces Position in Exelon Co. (NASDAQ:EXC)

California State Teachers Retirement System trimmed its stake in Exelon Co. (NASDAQ:EXC – Get Rating) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,686,032 shares of the company’s stock after selling 10,556 shares during the period. California State Teachers Retirement System owned 0.17% of Exelon worth $63,159,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cowa LLC purchased a new position in Exelon during the third quarter valued at approximately $26,000. Hanseatic Management Services Inc. lifted its stake in shares of Exelon by 74.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 964 shares of the company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in Exelon by 55.4% in the 3rd quarter. Money Concepts Capital Corp now owns 1,004 shares of the company’s stock worth $38,000 after buying an additional 358 shares during the period. Chilton Capital Management LLC bought a new stake in Exelon during the second quarter valued at about $41,000. Finally, Vectors Research Management LLC lifted its position in shares of Exelon by 85.4% in the second quarter. Vectors Research Management LLC now owns 927 shares of the company’s stock valued at $42,000 after acquiring an additional 427 shares in the last quarter. 80.60% of the stock is owned by institutional investors.

Exelon Stock Performance

NASDAQ:EXC opened at $42.15 on Friday. The firm has a market capitalization of $41.90 billion, a PE ratio of 19.25, a PEG ratio of 2.65 and a beta of 0.60. The stock’s fifty day moving average is $41.83 and its 200 day moving average is $40.31. Exelon Co. has a fifty-two week low of $35.19 and a fifty-two week high of $50.71. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.62 and a current ratio of 0.69.

Exelon (NASDAQ:EXC – Get Rating) last announced its earnings results on Tuesday, February 14th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Exelon had a net margin of 11.37% and a return on equity of 9.30%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Exelon Co. will post 2.36 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were paid a dividend of $0.36 per share. This is a boost from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.42%. Exelon’s dividend payout ratio is currently 65.75%.

Analyst Ratings Changes

Several analysts recently issued reports on EXC shares. Credit Suisse Group increased their target price on Exelon from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, January 23rd. Wells Fargo & Company lowered their target price on shares of Exelon from $47.00 to $45.00 in a report on Wednesday, February 15th. BMO Capital Markets cut their target price on shares of Exelon from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 15th. Finally, Morgan Stanley increased their price objective on shares of Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, December 15th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.64.

Exelon Profile

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Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).