State of New Jersey Common Pension Fund D Has $15.70 Million Stock Position in Exelon Corporation $EXC

State of New Jersey Common Pension Fund D increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 348,788 shares of the company’s stock after buying an additional 11,326 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Exelon were worth $15,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its stake in Exelon by 1.1% in the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock valued at $923,000 after acquiring an additional 215 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Exelon by 11.6% during the 2nd quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after purchasing an additional 225 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Exelon by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock valued at $1,512,000 after purchasing an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its position in shares of Exelon by 4.8% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock valued at $218,000 after purchasing an additional 229 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in Exelon by 5.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 4,965 shares of the company’s stock worth $223,000 after purchasing an additional 236 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 2.0%

Shares of EXC stock opened at $48.48 on Tuesday. The firm’s fifty day moving average price is $44.21 and its two-hundred day moving average price is $44.90. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $48.72. The firm has a market capitalization of $49.59 billion, a P/E ratio of 17.76, a PEG ratio of 2.84 and a beta of 0.45.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Exelon had a return on equity of 9.97% and a net margin of 11.41%.Exelon’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a $0.42 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, March 2nd. Exelon’s dividend payout ratio (DPR) is 58.61%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EXC shares. Morgan Stanley reaffirmed an “underperform” rating and issued a $51.00 price target on shares of Exelon in a research note on Wednesday, January 21st. UBS Group cut their price objective on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wolfe Research lowered shares of Exelon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Wells Fargo & Company boosted their price target on Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Friday. Finally, BTIG Research began coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.93.

Exelon Profile

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.