New York State Teachers Retirement System Has $31.64 Million Position in Exelon Co. (NASDAQ:EXC)

New York State Teachers Retirement System trimmed its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 780,211 shares of the company's stock after selling 88,048 shares during the period. New York State Teachers Retirement System owned about 0.08% of Exelon worth $31,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EXC. Lazard Asset Management LLC lifted its position in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company's stock valued at $1,184,483,000 after acquiring an additional 16,686,526 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company's stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company's stock valued at $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. Swedbank AB acquired a new position in Exelon during the first quarter worth $96,859,000. Finally, M&G Plc acquired a new stake in Exelon in the 1st quarter valued at $89,266,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

NASDAQ:EXC traded down $1.15 during trading hours on Friday, reaching $38.15. 5,713,280 shares of the company were exchanged, compared to its average volume of 6,760,614. The business has a 50 day moving average of $39.65 and a 200 day moving average of $37.70. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.93. The company has a market capitalization of $38.17 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.88 and a beta of 0.53.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the firm posted $0.67 EPS. Exelon's quarterly revenue was up 2.9% on a year-over-year basis. Research analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.98%. Exelon's dividend payout ratio is 62.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXC. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Wells Fargo & Company upped their price objective on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Morgan Stanley boosted their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Barclays increased their price target on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.33.

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.