New York State Common Retirement Fund Has $60.21 Million Stake in Exelon Co. (NASDAQ:EXC)

New York State Common Retirement Fund decreased its stake in Exelon Co. (NASDAQ:EXC) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,677,263 shares of the company’s stock after selling 33,681 shares during the period. New York State Common Retirement Fund’s holdings in Exelon were worth $60,214,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EXC. IFP Advisors Inc lifted its position in shares of Exelon by 6.1% in the third quarter. IFP Advisors Inc now owns 10,380 shares of the company’s stock valued at $392,000 after buying an additional 597 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of Exelon in the third quarter valued at approximately $200,000. Private Trust Co. NA lifted its position in shares of Exelon by 64.1% in the third quarter. Private Trust Co. NA now owns 13,914 shares of the company’s stock valued at $526,000 after buying an additional 5,434 shares during the last quarter. Strategic Blueprint LLC lifted its position in shares of Exelon by 5.2% in the third quarter. Strategic Blueprint LLC now owns 30,562 shares of the company’s stock valued at $1,155,000 after buying an additional 1,497 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of Exelon by 42.7% in the third quarter. Caprock Group LLC now owns 12,772 shares of the company’s stock valued at $483,000 after buying an additional 3,822 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group cut Exelon from a “buy” rating to a “neutral” rating and cut their price objective for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Wells Fargo & Company dropped their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Barclays lifted their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Seaport Res Ptn cut Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.92.

Exelon Trading Down 0.3 %

Shares of EXC opened at $37.56 on Wednesday. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.71. The business’s fifty day moving average is $36.56 and its 200-day moving average is $37.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a market cap of $37.54 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.75 and a beta of 0.54.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Equities analysts anticipate that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a yield of 4.05%. This is a positive change from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is currently 65.24%.

Exelon Company 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.