Maryland State Retirement & Pension System Purchases 28,443 Shares of Exelon Corporation $EXC

Maryland State Retirement & Pension System increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 987,350 shares of the company’s stock after purchasing an additional 28,443 shares during the quarter. Exelon accounts for 0.9% of Maryland State Retirement & Pension System’s portfolio, making the stock its 20th biggest holding. Maryland State Retirement & Pension System’s holdings in Exelon were worth $44,441,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ATLAS Infrastructure Partners UK Ltd. lifted its position in Exelon by 3.6% during the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock valued at $260,685,000 after purchasing an additional 208,242 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Exelon by 92.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock valued at $2,418,000 after acquiring an additional 25,863 shares during the period. ProShare Advisors LLC raised its stake in Exelon by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock worth $72,637,000 after acquiring an additional 100,406 shares during the period. Econ Financial Services Corp purchased a new position in Exelon during the third quarter valued at approximately $1,926,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Exelon by 13.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,573,635 shares of the company’s stock worth $115,839,000 after purchasing an additional 309,853 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. BTIG Research assumed coverage on shares of Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock. Royal Bank Of Canada initiated coverage on shares of Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. Barclays increased their price objective on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $49.85.

Exelon Stock Performance

Exelon stock opened at $44.73 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The firm has a market capitalization of $45.19 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. Exelon Corporation has a 1-year low of $38.85 and a 1-year high of $48.51. The company’s 50-day moving average is $44.46 and its 200 day moving average is $44.68.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon’s dividend payout ratio is 57.35%.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.