Exelon Co. (NASDAQ:EXC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Exelon Co. (NASDAQ:EXC - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 761,505 shares of the company's stock after selling 18,706 shares during the period. New York State Teachers Retirement System owned about 0.08% of Exelon worth $28,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Exelon in the third quarter valued at about $366,000. Creative Planning grew its position in shares of Exelon by 49.1% in the third quarter. Creative Planning now owns 201,264 shares of the company's stock valued at $8,161,000 after purchasing an additional 66,287 shares during the period. Bleakley Financial Group LLC grew its position in shares of Exelon by 3.5% in the third quarter. Bleakley Financial Group LLC now owns 10,634 shares of the company's stock valued at $431,000 after purchasing an additional 362 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Exelon by 28.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 150,728 shares of the company's stock valued at $6,112,000 after purchasing an additional 33,121 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in Exelon by 2.6% during the third quarter. V Square Quantitative Management LLC now owns 21,910 shares of the company's stock worth $888,000 after acquiring an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Exelon Stock Down 0.1 %

NASDAQ EXC traded down $0.05 on Wednesday, hitting $42.65. 7,596,463 shares of the stock were exchanged, compared to its average volume of 6,887,498. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $43.45. The company has a market cap of $42.87 billion, a PE ratio of 17.41, a PEG ratio of 2.84 and a beta of 0.56. The company has a 50-day moving average price of $39.04 and a 200-day moving average price of $39.00.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is 62.04%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXC. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Scotiabank boosted their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Barclays lowered their price target on shares of Exelon from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.38.

Exelon 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.