Illinois Municipal Retirement Fund Reduces Stake in Exelon Corporation (NASDAQ:EXC)

Illinois Municipal Retirement Fund decreased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 13.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 309,135 shares of the company's stock after selling 49,941 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Exelon were worth $14,245,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXC. Ameriflex Group Inc. bought a new stake in Exelon in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC purchased a new stake in shares of Exelon during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in Exelon in the 4th quarter worth about $36,000. CoreFirst Bank & Trust purchased a new position in Exelon during the 4th quarter worth $40,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Exelon in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.9%

NASDAQ EXC traded up $0.40 during trading on Friday, hitting $42.91. The company's stock had a trading volume of 7,322,596 shares, compared to its average volume of 7,168,525. Exelon Corporation has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The company has a market cap of $43.32 billion, a PE ratio of 15.95, a P/E/G ratio of 2.44 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. The business's 50 day simple moving average is $44.22 and its 200-day simple moving average is $42.46.

Exelon (NASDAQ:EXC - Get Free Report) last released its 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. Exelon had a net margin of 11.44% and a return on equity of 10.29%. 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 business earned $0.68 EPS. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Monday, May 12th. Exelon's payout ratio is 59.48%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXC. UBS Group reiterated a "neutral" rating and set a $48.00 target price (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. Evercore ISI increased their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Guggenheim lifted their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Finally, Wells Fargo & Company increased their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research 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 issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $47.40.

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.