Texas Permanent School Fund Corp Reduces Position in Exelon Corporation $EXC

Texas Permanent School Fund Corp lowered its position in shares of Exelon Corporation (NASDAQ:EXC) by 34.4% in the second quarter, HoldingsChannel.com reports. The fund owned 70,957 shares of the company’s stock after selling 37,140 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Exelon were worth $3,081,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its stake in shares of Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Exelon in the 2nd quarter worth approximately $29,000. CoreFirst Bank & Trust purchased a new position in Exelon during the 2nd quarter worth approximately $38,000. Investment Research & Advisory Group Inc. purchased a new position in Exelon during the 2nd quarter worth approximately $39,000. Finally, Sound Income Strategies LLC lifted its stake in Exelon by 213.7% during the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after acquiring an additional 810 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 1.4%

EXC stock opened at $43.66 on Friday. Exelon Corporation has a 52-week low of $36.55 and a 52-week high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The firm has a market cap of $44.11 billion, a P/E ratio of 15.65, a PEG ratio of 2.72 and a beta of 0.45. The company’s 50-day simple moving average is $45.88 and its 200-day simple moving average is $44.56.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The company had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is 57.35%.

Analyst Ratings Changes

EXC has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price target on shares of Exelon in a research report on Thursday, November 20th. JPMorgan Chase & Co. decreased their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, December 12th. UBS Group lowered their target price on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, BTIG Research began coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average price target of $49.75.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.