Exelon Corporation $EXC Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Exelon Corporation (NASDAQ:EXC) by 3.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,977,879 shares of the company’s stock after purchasing an additional 67,159 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Exelon were worth $85,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Foundations Investment Advisors LLC boosted its position in shares of Exelon by 54.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 25,364 shares of the company’s stock worth $1,101,000 after purchasing an additional 8,936 shares during the period. Advisors Capital Management LLC raised its position in Exelon by 1.5% in the second quarter. Advisors Capital Management LLC now owns 470,532 shares of the company’s stock valued at $20,431,000 after purchasing an additional 7,110 shares during the period. Intrua Financial LLC acquired a new position in Exelon during the second quarter worth $344,000. Fiera Capital Corp acquired a new position in Exelon during the second quarter worth $396,000. Finally, Good Life Advisors LLC boosted its position in shares of Exelon by 6.5% during the second quarter. Good Life Advisors LLC now owns 7,391 shares of the company’s stock worth $321,000 after buying an additional 452 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of EXC opened at $45.94 on Friday. The stock has a 50-day simple moving average of $45.63 and a 200-day simple moving average of $44.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The stock has a market capitalization of $46.41 billion, a PE ratio of 17.47, a PEG ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51.

Exelon (NASDAQ:EXC) last released its 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 firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Analyst Ratings Changes

Several research firms recently issued reports on EXC. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Evercore ISI initiated coverage on Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. KeyCorp raised their price objective on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.55.

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.