Retirement Systems of Alabama Reduces Stake in Exelon Co. (NASDAQ:EXC)

Retirement Systems of Alabama trimmed its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 7.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 944,647 shares of the company's stock after selling 71,579 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of Exelon worth $38,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. American National Bank & Trust boosted its position in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after buying an additional 447 shares during the period. Abound Wealth Management grew its stake in shares of Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company's stock worth $31,000 after purchasing an additional 744 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Exelon in the third quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new position in Exelon during the 2nd quarter worth $41,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Exelon during the 2nd quarter worth about $57,000. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXC shares. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective for the company. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Scotiabank increased their price target on Exelon from $40.00 to $42.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $41.42.

Exelon Stock Up 0.1 %

Shares of NASDAQ:EXC traded up $0.04 during midday trading on Friday, hitting $36.87. 7,873,455 shares of the company's stock were exchanged, compared to its average volume of 6,680,601. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a market cap of $37.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54. The stock has a 50 day moving average price of $39.02 and a 200-day moving average price of $37.86.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 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 firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Friday, November 8th. Exelon's dividend payout ratio (DPR) is presently 62.55%.

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.