Louisiana State Employees Retirement System Reduces Stake in Exelon Corporation $EXC

Louisiana State Employees Retirement System reduced its stake in Exelon Corporation (NASDAQ:EXC) by 0.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 127,100 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Exelon were worth $5,519,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. grew its holdings in shares of Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after purchasing an additional 150,876 shares during the period. Arizona State Retirement System grew its holdings in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock worth $13,587,000 after purchasing an additional 10,176 shares during the period. Cerity Partners LLC grew its holdings in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock worth $22,393,000 after purchasing an additional 63,009 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of Exelon during the 1st quarter worth $47,789,000. Finally, Intech Investment Management LLC grew its holdings in shares of Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock worth $2,054,000 after purchasing an additional 8,809 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC stock opened at $46.62 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm has a market capitalization of $47.09 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.74 and a beta of 0.40. The business’s 50-day moving average is $44.32 and its two-hundred day moving average is $44.28. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is 60.84%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday. Morgan Stanley lowered their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. UBS Group restated a “neutral” rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Evercore ISI assumed coverage on Exelon in a report on Monday. They set an “outperform” rating and a $57.00 target price for the company. Finally, KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and a consensus target price of $48.11.

Exelon 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.