Exelon Corporation (NASDAQ:EXC) Holdings Raised by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System increased its stake in Exelon Corporation by 1.9% in Q1, owning a total of 899,269 shares valued at approximately $41.4 million.
• Exelon recently declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.6% for stockholders.
• In its latest earnings report, Exelon reported $0.39 EPS, exceeding analysts' estimates, along with revenues of $5.43 billion, a 1.2% increase from the same quarter last year.

Maryland State Retirement & Pension System lifted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 899,269 shares of the company's stock after acquiring an additional 16,986 shares during the period. Exelon accounts for approximately 1.0% of Maryland State Retirement & Pension System's portfolio, making the stock its 18th biggest holding. Maryland State Retirement & Pension System owned 0.09% of Exelon worth $41,438,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EXC. Ameriflex Group Inc. acquired a new stake in Exelon in the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon in the 1st quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the 1st quarter worth about $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Exelon in the 1st quarter worth about $50,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.5%

Shares of NASDAQ:EXC traded down $0.22 during mid-day trading on Friday, hitting $45.32. 3,803,099 shares of the company traded hands, compared to its average volume of 6,082,460. The firm has a market cap of $45.77 billion, a P/E ratio of 17.23, a PEG ratio of 2.66 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The firm's 50 day simple moving average is $43.44 and its 200 day simple moving average is $43.80.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The company's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon's payout ratio is currently 60.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXC shares. UBS Group restated a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley cut their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Evercore ISI raised their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets raised their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon 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.