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

California State Teachers Retirement System reduced its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 20.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,372,332 shares of the company's stock after selling 354,092 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Exelon worth $51,655,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Ameriflex Group Inc. purchased a new position in Exelon in the 4th quarter valued at about $25,000. Millstone Evans Group LLC purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $28,000. Stephens Consulting LLC raised its position in shares of Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $30,000. Finally, Crews Bank & Trust acquired a new stake in Exelon in the 4th quarter valued at approximately $34,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXC. Evercore ISI upped their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.30.

Exelon Stock Performance

NASDAQ EXC traded down $0.01 during trading hours on Friday, hitting $43.69. 20,942,219 shares of the stock were exchanged, compared to its average volume of 7,376,017. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11. The stock has a 50-day moving average of $45.23 and a 200 day moving average of $41.91. 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 (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same period last year, the company posted $0.68 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.66%. Exelon's dividend payout ratio is presently 59.48%.

Exelon Company 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.