Teacher Retirement System of Texas Sells 41,731 Shares of Exelon Co. (NASDAQ:EXC)

Teacher Retirement System of Texas trimmed its position in Exelon Co. (NASDAQ:EXC - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,014 shares of the company's stock after selling 41,731 shares during the period. Teacher Retirement System of Texas' holdings in Exelon were worth $2,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of EXC. Kingsview Wealth Management LLC boosted its stake in shares of Exelon by 1.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,687 shares of the company's stock worth $798,000 after buying an additional 331 shares during the last quarter. Pitcairn Co. acquired a new position in Exelon during the third quarter valued at approximately $229,000. Larson Financial Group LLC grew its stake in Exelon by 320.1% in the third quarter. Larson Financial Group LLC now owns 3,676 shares of the company's stock valued at $149,000 after purchasing an additional 2,801 shares in the last quarter. Private Trust Co. NA increased its position in shares of Exelon by 4.8% during the 3rd quarter. Private Trust Co. NA now owns 8,593 shares of the company's stock worth $348,000 after purchasing an additional 390 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Exelon by 0.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,135,980 shares of the company's stock worth $46,064,000 after purchasing an additional 8,007 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

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Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.46 during mid-day trading on Friday, reaching $44.71. 8,285,209 shares of the company's stock were exchanged, compared to its average volume of 6,806,051. The firm has a 50-day moving average price of $42.51 and a two-hundred day moving average price of $40.15. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market capitalization of $45.14 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20.

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

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.58%. This is a positive change from Exelon's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon's payout ratio is currently 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXC has been the subject of several analyst reports. UBS Group raised their target price on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and raised their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.13.

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.