Exelon Corporation (NASDAQ:EXC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 935,038 shares of the company's stock after selling 9,764 shares during the quarter. Retirement Systems of Alabama owned approximately 0.09% of Exelon worth $43,087,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXC. Vontobel Holding Ltd. raised its holdings in shares of Exelon by 89.1% during the fourth quarter. Vontobel Holding Ltd. now owns 11,759 shares of the company's stock valued at $443,000 after acquiring an additional 5,539 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Exelon by 10.6% in the fourth quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock valued at $851,000 after purchasing an additional 2,160 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Exelon by 9.8% in the fourth quarter. Allworth Financial LP now owns 22,834 shares of the company's stock valued at $896,000 after purchasing an additional 2,033 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $204,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Exelon by 438.1% in the fourth quarter. Venturi Wealth Management LLC now owns 5,828 shares of the company's stock valued at $219,000 after purchasing an additional 4,745 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Trading Up 1.4%

Exelon stock traded up $0.60 during mid-day trading on Monday, hitting $43.20. The company's stock had a trading volume of 5,131,190 shares, compared to its average volume of 7,218,132. The firm has a market capitalization of $43.61 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. Exelon Corporation has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The stock's fifty day moving average is $44.47 and its two-hundred day moving average is $42.42.

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 the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXC shares. BMO Capital Markets increased their price target on 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 price target on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a report on Wednesday, May 14th. Evercore ISI increased their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $47.40.

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.