California State Teachers Retirement System Has $96.81 Million Stock Holdings in Exelon Corporation $EXC

California State Teachers Retirement System increased its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 30.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,076,621 shares of the company's stock after acquiring an additional 483,960 shares during the quarter. California State Teachers Retirement System owned about 0.20% of Exelon worth $96,812,071 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. BlackRock Inc. purchased a new position in shares of Exelon during the second quarter worth approximately $5,583,709,000. Lazard Asset Management LLC grew its position in Exelon by 6.4% during the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock worth $1,206,887,000 after buying an additional 1,490,251 shares during the period. GQG Partners LLC purchased a new stake in shares of Exelon during the 2nd quarter valued at $922,917,000. Deutsche Bank AG lifted its stake in Exelon by 2.9% during the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company's stock worth $913,853,000 after purchasing an additional 595,655 shares during the last quarter. Finally, Capital International Investors bought a new stake in Exelon in the fourth quarter worth about $738,333,000. Institutional investors own 80.92% of the company's stock.

Exelon Trading Down 0.6%

Shares of EXC traded down $0.23 during midday trading on Tuesday, hitting $42.48. The stock had a trading volume of 2,573,455 shares, compared to its average volume of 8,386,150. Exelon Corporation has a fifty-two week low of $42.19 and a fifty-two week high of $50.65. The firm has a market cap of $43.86 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.36 and a beta of 0.30. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The business has a 50-day simple moving average of $45.35 and a two-hundred day simple moving average of $46.43.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business's revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's dividend payout ratio (DPR) is presently 61.54%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Weiss Ratings downgraded shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, Morgan Stanley lowered their price objective on Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.07.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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