Exelon Co. (NASDAQ:EXC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 417,086 shares of the company’s stock after selling 23,632 shares during the period. Public Employees Retirement System of Ohio’s holdings in Exelon were worth $16,913,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXC. Sequoia Financial Advisors LLC boosted its stake in Exelon by 10.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,378 shares of the company’s stock worth $809,000 after buying an additional 2,208 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Exelon by 5.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 116,631 shares of the company’s stock worth $4,037,000 after buying an additional 6,404 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Exelon by 56.6% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 22,800 shares of the company’s stock worth $789,000 after buying an additional 8,238 shares during the last quarter. ORG Partners LLC acquired a new stake in Exelon in the 2nd quarter worth about $99,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Exelon by 20.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,783 shares of the company’s stock worth $1,031,000 after buying an additional 4,991 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 0.3 %

NASDAQ:EXC opened at $37.32 on Wednesday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The firm has a market capitalization of $37.50 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The business has a 50 day simple moving average of $39.32 and a 200 day simple moving average of $37.87.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 dividend on an annualized basis and a yield of 4.07%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of research analyst reports. Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley cut their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.25.

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.