Exelon Corporation $EXC Stock Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its stake in Exelon Corporation (NASDAQ:EXC) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 951,140 shares of the company’s stock after selling 72,142 shares during the quarter. Maryland State Retirement & Pension System owned 0.09% of Exelon worth $38,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Jacobi Capital Management LLC lifted its holdings in shares of Exelon by 13.2% in the third quarter. Jacobi Capital Management LLC now owns 21,537 shares of the company’s stock valued at $870,000 after purchasing an additional 2,505 shares in the last quarter. First Command Advisory Services Inc. boosted its position in shares of Exelon by 199.8% during the third quarter. First Command Advisory Services Inc. now owns 8,590 shares of the company’s stock worth $347,000 after buying an additional 5,725 shares during the period. Searle & CO. acquired a new position in shares of Exelon during the third quarter worth about $342,000. Csenge Advisory Group grew its holdings in shares of Exelon by 6.6% during the third quarter. Csenge Advisory Group now owns 8,779 shares of the company’s stock worth $355,000 after buying an additional 544 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Exelon by 0.9% during the third quarter. New York Life Investment Management LLC now owns 153,950 shares of the company’s stock worth $6,220,000 after buying an additional 1,306 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXC. KeyCorp raised Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 target price on the stock in a research report on Monday, October 12th. BMO Capital Markets reduced their price target on Exelon from $47.00 to $45.00 and set a “market perform” rating for the company in a research report on Thursday, October 22nd. Truist Financial decreased their price target on shares of Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, October 16th. Barclays lowered their price objective on shares of Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Exelon in a research report on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.33.

Exelon Trading Up 0.2%

Exelon stock opened at $45.61 on Thursday. The company has a market cap of $47.20 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.49 and a beta of 0.24. The firm has a 50-day moving average of $43.15 and a 200-day moving average of $45.64. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Corporation has a one year low of $39.73 and a one year high of $50.65.

Exelon (NASDAQ:EXC) last released its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. Exelon’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts expect that Exelon Corporation will post 2.87 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s payout ratio is 65.37%.

Exelon Company Profile

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services. The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.