Illinois Municipal Retirement Fund Has $10.65 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Illinois Municipal Retirement Fund decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 10.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 283,493 shares of the company’s stock after selling 31,805 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Exelon were worth $10,651,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc lifted its holdings in Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after buying an additional 23,270 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Exelon by 85.7% during the 4th quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after buying an additional 88,614 shares in the last quarter. National Bank of Canada FI lifted its holdings in Exelon by 33.9% during the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after buying an additional 277,635 shares in the last quarter. Duality Advisers LP lifted its stake in shares of Exelon by 225.3% in the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Exelon by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after purchasing an additional 200,476 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 0.2 %

EXC stock traded down $0.08 during trading hours on Friday, reaching $35.24. 8,292,834 shares of the stock were exchanged, compared to its average volume of 8,026,152. The firm’s 50-day moving average is $36.24 and its 200-day moving average is $36.19. The company has a market cap of $35.24 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 2.57 and a beta of 0.52. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. On average, equities research analysts expect that Exelon Co. will post 2.42 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.31%. Exelon’s dividend payout ratio is 65.52%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank cut their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley cut their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Wells Fargo & Company increased their price target on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.91.

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.