New York State Teachers Retirement System Sells 14,095 Shares of Exelon Corporation (NASDAQ:EXC)

New York State Teachers Retirement System decreased its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 747,410 shares of the company's stock after selling 14,095 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Exelon worth $34,441,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Centre Asset Management LLC lifted its stake in Exelon by 3.2% in the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after purchasing an additional 233 shares during the last quarter. Confluence Wealth Services Inc. increased its holdings in shares of Exelon by 3.3% during the first quarter. Confluence Wealth Services Inc. now owns 8,670 shares of the company's stock worth $406,000 after buying an additional 275 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in shares of Exelon by 3.8% in the 1st quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock valued at $409,000 after acquiring an additional 323 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in shares of Exelon by 2.8% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after acquiring an additional 324 shares in the last quarter. Finally, Horizon Investments LLC boosted its holdings in shares of Exelon by 1.8% during the 4th quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock valued at $708,000 after acquiring an additional 335 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Guggenheim boosted their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. UBS Group reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $47.40.

Exelon Trading Up 0.8%

Shares of EXC stock traded up $0.33 on Thursday, hitting $43.25. The company had a trading volume of 3,602,321 shares, compared to its average volume of 7,118,265. Exelon Corporation has a twelve month low of $34.01 and a twelve month high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The firm has a market cap of $43.66 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.48 and a beta of 0.39. The stock's 50-day moving average is $43.92 and its two-hundred day moving average is $42.63.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The business 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 firm's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. On average, equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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