Teacher Retirement System of Texas Raises Stock Position in Exelon Corporation (NASDAQ:EXC)

Teacher Retirement System of Texas grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 227.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,492 shares of the company's stock after buying an additional 134,478 shares during the period. Teacher Retirement System of Texas' holdings in Exelon were worth $8,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. Ameriflex Group Inc. bought a new position in Exelon in the fourth quarter worth approximately $25,000. Millstone Evans Group LLC bought a new position in Exelon in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Exelon in the fourth quarter worth approximately $36,000. CoreFirst Bank & Trust bought a new position in Exelon in the fourth quarter worth approximately $40,000. Finally, Redwood Park Advisors LLC bought a new position in Exelon in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Up 0.8%

Exelon stock traded up $0.33 during trading hours on Friday, hitting $43.25. 3,602,321 shares of the stock traded hands, compared to its average volume of 7,124,182. The firm's 50-day moving average price is $43.80 and its two-hundred day moving average price is $42.77. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The company has a market cap of $43.66 billion, a PE ratio of 16.08, a PEG ratio of 2.49 and a beta of 0.39. Exelon Corporation has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. On average, research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. Exelon's dividend payout ratio is presently 59.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. UBS Group restated a "neutral" rating and issued a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. Wells Fargo & Company raised their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Guggenheim increased their price target on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.40.

About Exelon

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.