Exelon Co. (NASDAQ:EXC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,677,263 shares of the company’s stock after selling 33,681 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of Exelon worth $60,214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Exelon by 6.1% during the 3rd quarter. IFP Advisors Inc now owns 10,380 shares of the company’s stock worth $392,000 after purchasing an additional 597 shares during the period. Capital Investment Advisors LLC purchased a new position in Exelon in the 3rd quarter worth approximately $200,000. Private Trust Co. NA boosted its holdings in Exelon by 64.1% in the 3rd quarter. Private Trust Co. NA now owns 13,914 shares of the company’s stock worth $526,000 after acquiring an additional 5,434 shares during the period. Strategic Blueprint LLC boosted its holdings in Exelon by 5.2% in the 3rd quarter. Strategic Blueprint LLC now owns 30,562 shares of the company’s stock worth $1,155,000 after acquiring an additional 1,497 shares during the period. Finally, Caprock Group LLC boosted its holdings in Exelon by 42.7% in the 3rd quarter. Caprock Group LLC now owns 12,772 shares of the company’s stock worth $483,000 after acquiring an additional 3,822 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of analyst reports. Scotiabank decreased their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday. Bank of America reduced their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group cut Exelon from a “buy” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $37.00 in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus target price of $38.92.

Exelon Trading Down 0.3 %

NASDAQ:EXC opened at $37.56 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.71. The firm has a market capitalization of $37.54 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. The stock has a fifty day simple moving average of $36.56 and a 200 day simple moving average of $37.10.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the company posted $0.43 EPS. Exelon’s revenue for the quarter was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.38 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, March 1st. Exelon’s dividend payout ratio is currently 65.24%.

Exelon Company 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.