Public Employees Retirement System of Ohio Decreases Stake in Exelon Co. (NASDAQ:EXC)

Public Employees Retirement System of Ohio reduced its position in Exelon Co. (NASDAQ:EXC - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 401,371 shares of the company's stock after selling 15,715 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Exelon were worth $15,108,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Exelon during the fourth quarter worth $28,000. Stephens Consulting LLC grew its stake in shares of Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Exelon during the 4th quarter worth $30,000. Crews Bank & Trust purchased a new position in shares of Exelon in the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after purchasing an additional 513 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on EXC shares. Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Evercore ISI raised their price objective on 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 Exelon from $47.00 to $50.00 and gave the stock 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 on the stock in a report on Thursday, May 22nd. Finally, KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $47.30.

Exelon Trading Down 0.0%

NASDAQ EXC traded down $0.01 during mid-day trading on Friday, reaching $43.70. 2,180,336 shares of the stock were exchanged, compared to its average volume of 7,292,920. The stock has a market capitalization of $44.11 billion, a PE ratio of 17.84, a PEG ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The business's fifty day simple moving average is $45.21 and its 200 day simple moving average is $41.88.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 9.52% and a net margin of 10.68%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. On average, research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be issued a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.66%. Exelon's payout ratio is 59.48%.

About Exelon

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.