New York State Teachers Retirement System Has $36.65 Million Position in Exelon Corporation $EXC

Key Points

• The New York State Teachers Retirement System increased its stake in Exelon Corporation by 12.9%, holding 844,143 shares worth approximately $36.65 million as of the latest SEC filing.
• Exelon recently declared a $0.40 quarterly dividend, resulting in an annualized payout of $1.60 and a dividend yield of 3.4%.
• Analysts have a consensus rating of "Hold" on Exelon shares, with target prices ranging from $42.00 to $57.00 as noted in recent upgrades from various firms.

New York State Teachers Retirement System increased its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 844,143 shares of the company's stock after buying an additional 96,733 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Exelon worth $36,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after buying an additional 581,686 shares during the period. Deutsche Bank AG increased its stake in shares of Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after buying an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Exelon by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock valued at $729,777,000 after buying an additional 106,917 shares during the period. Invesco Ltd. increased its stake in shares of Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock valued at $636,008,000 after buying an additional 83,518 shares during the period. Finally, Northern Trust Corp boosted its holdings in Exelon by 11.8% in the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company's stock valued at $577,470,000 after acquiring an additional 1,319,637 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

Exelon stock opened at $47.36 on Friday. The stock has a market capitalization of $47.83 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.97 and a beta of 0.40. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock's 50 day moving average price is $44.58 and its two-hundred day moving average price is $44.40. 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 (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio is presently 60.84%.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXC shares. Evercore ISI started coverage on Exelon in a report on Monday, October 6th. They issued an "outperform" rating and a $57.00 target price on the stock. UBS Group upped their target price on Exelon from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Friday, October 10th. Barclays upped their target price on Exelon from $48.00 to $52.00 and gave the company an "overweight" rating in a report on Tuesday. KeyCorp upped their target price on Exelon from $37.00 to $42.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $50.00.

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.

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