Exelon Co. (NASDAQ:EXC) Position Trimmed by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in Exelon Co. (NASDAQ:EXC) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 925,735 shares of the company’s stock after selling 2,125 shares during the period. Exelon comprises 0.6% of Maryland State Retirement & Pension System’s portfolio, making the stock its 29th largest holding. Maryland State Retirement & Pension System owned about 0.09% of Exelon worth $32,040,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Wellington Management Group LLP grew its holdings in Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after buying an additional 2,352,547 shares during the last quarter. Lazard Asset Management LLC increased its position in Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after acquiring an additional 16,686,526 shares during the period. Norges Bank bought a new position in Exelon during the fourth quarter worth $382,015,000. Finally, Putnam Investments LLC raised its stake in Exelon by 2.9% during the 4th quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock valued at $348,639,000 after purchasing an additional 274,967 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Up 0.2 %

Shares of EXC stock traded up $0.06 on Friday, reaching $38.09. The company had a trading volume of 6,379,520 shares, compared to its average volume of 6,723,579. The stock has a market cap of $38.09 billion, a PE ratio of 16.42, a PEG ratio of 2.73 and a beta of 0.52. The company has a 50-day moving average of $36.47 and a 200-day moving average of $36.65. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $42.15.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the previous year, the business earned $0.41 EPS. On average, equities analysts forecast that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.99%. Exelon’s dividend payout ratio is currently 65.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXC. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays raised their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Morgan Stanley upped their price objective on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and a consensus price target of $39.82.

About Exelon

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.