Exelon Co. (NASDAQ:EXC) Position Increased by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in Exelon Co. (NASDAQ:EXC) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,604,297 shares of the company’s stock after buying an additional 15,376 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of Exelon worth $173,306,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Czech National Bank raised its holdings in shares of Exelon by 7.0% during the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after buying an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after acquiring an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after acquiring an additional 321,333 shares in the last quarter. State Street Corp boosted its position in Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the period. Finally, Greenup Street Wealth Management LLC bought a new position in shares of Exelon in the fourth quarter worth $2,274,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Exelon Trading Up 1.0 %

Shares of NASDAQ EXC opened at $44.71 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The company has a market cap of $45.14 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.86 and a beta of 0.51. The business has a fifty day simple moving average of $42.51 and a 200-day simple moving average of $40.15.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period in the previous year, the business earned $0.60 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EXC shares. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.13.

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.