California State Teachers Retirement System Buys 95,219,410 Shares of Exelon Corporation $EXC

California State Teachers Retirement System increased its stake in Exelon Corporation (NASDAQ:EXC) by 5,978.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 96,812,071 shares of the company’s stock after buying an additional 95,219,410 shares during the period. California State Teachers Retirement System owned about 0.09% of Exelon worth $4,513,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Exelon during the 2nd quarter valued at $5,583,709,000. GQG Partners LLC purchased a new position in shares of Exelon in the 2nd quarter worth $922,917,000. Capital International Investors purchased a new position in shares of Exelon in the 4th quarter worth $738,333,000. Norges Bank purchased a new position in shares of Exelon in the 4th quarter worth $617,974,000. Finally, Legal & General Group Plc bought a new stake in shares of Exelon in the second quarter worth $602,760,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXC. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. TD Cowen dropped their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Truist Financial cut their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Morgan Stanley reduced their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Finally, KeyCorp lowered their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and an average target price of $50.07.

Exelon Trading Down 0.6%

NASDAQ:EXC opened at $43.70 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.30. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The business has a fifty day moving average price of $45.62 and a 200-day moving average price of $46.53.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.Exelon’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon’s dividend payout ratio (DPR) is 61.54%.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.