New York State Common Retirement Fund Grows Holdings in Exelon Corporation (NASDAQ:EXC)

New York State Common Retirement Fund boosted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 16.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 856,485 shares of the company's stock after buying an additional 123,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Exelon worth $39,467,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new position in Exelon in the fourth quarter valued at $25,000. Millstone Evans Group LLC purchased a new position in shares of Exelon during the fourth quarter worth about $28,000. CoreFirst Bank & Trust purchased a new position in shares of Exelon during the fourth quarter worth about $40,000. Opal Wealth Advisors LLC purchased a new position in shares of Exelon during the first quarter worth about $50,000. Finally, Redwood Park Advisors LLC purchased a new position in shares of Exelon during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Shares of EXC traded up $0.26 during mid-day trading on Friday, reaching $43.21. 2,663,836 shares of the company's stock were exchanged, compared to its average volume of 7,036,874. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a 50-day simple moving average of $43.23 and a two-hundred day simple moving average of $43.09. Exelon Corporation has a 52-week low of $35.84 and a 52-week high of $48.11. The company has a market cap of $43.63 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.51 and a beta of 0.39.

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

Exelon Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on EXC. Morgan Stanley reduced 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 report on Thursday, May 22nd. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday. BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company increased their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Evercore ISI increased their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and a consensus price target of $47.20.

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.