Employees Retirement System of Texas Takes Position in Exelon Corporation $EXC

Employees Retirement System of Texas acquired a new position in shares of Exelon Corporation (NASDAQ:EXC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 215,919 shares of the company’s stock, valued at approximately $9,375,000.

A number of other large investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC grew its holdings in Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon during the 2nd quarter worth $39,000. Sound Income Strategies LLC grew its stake in shares of Exelon by 213.7% during the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after purchasing an additional 810 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Exelon by 75.0% during the second quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock worth $53,000 after purchasing an additional 521 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Exelon in the first quarter valued at $55,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the subject of several analyst reports. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price objective on shares of Exelon in a research report on Thursday, November 20th. BTIG Research assumed coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. UBS Group increased their price target on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. KeyCorp boosted their price objective on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus price target of $50.45.

Exelon Trading Up 1.7%

EXC opened at $46.57 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.51. The business’s 50 day moving average is $46.08 and its two-hundred day moving average is $44.48. The firm has a market cap of $47.05 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The business 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, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Exelon’s payout ratio is currently 57.35%.

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.