New York State Common Retirement Fund Has $31.10 Million Position in Exelon Co. (NASDAQ:EXC)

New York State Common Retirement Fund lessened its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 27.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 766,985 shares of the company's stock after selling 289,732 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Exelon worth $31,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Lazard Asset Management LLC raised its holdings in shares of Exelon by 112.4% during the first 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. increased its holdings in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company's stock worth $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% during 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 during the period. Swedbank AB purchased a new stake in Exelon in the first quarter worth approximately $96,859,000. Finally, M&G Plc bought a new stake in shares of Exelon during the 1st quarter valued at about $89,266,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXC shares. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Finally, Barclays boosted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.33.

Exelon Stock Down 0.5 %

Shares of EXC traded down $0.18 during trading hours on Monday, reaching $37.97. The company's stock had a trading volume of 7,225,106 shares, compared to its average volume of 6,773,816. The company has a 50 day moving average of $39.66 and a two-hundred day moving average of $37.74. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42. The firm has a market cap of $38.15 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 2.84 and a beta of 0.54.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the business earned $0.67 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Friday, November 8th. Exelon's payout ratio is presently 62.55%.

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.