Strs Ohio Buys Shares of 684,687 Exelon Corporation $EXC

Key Points

• Strs Ohio acquired a new position in Exelon Corporation, purchasing 684,687 shares valued at approximately $31,550,000, which constitutes about 0.07% of the company.
• Multiple institutional investors, including Nuveen LLC and AQR Capital Management LLC, significantly increased their stakes in Exelon during the 1st quarter.
• Exelon recently declared a quarterly dividend of $0.40 per share, with a yield of 3.7% and a payout ratio of 60.84% as part of its financial strategies.

Strs Ohio purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 684,687 shares of the company's stock, valued at approximately $31,550,000. Strs Ohio owned approximately 0.07% of Exelon at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EXC. Focus Partners Wealth lifted its position in shares of Exelon by 35.2% during the fourth quarter. Focus Partners Wealth now owns 39,597 shares of the company's stock valued at $1,523,000 after purchasing an additional 10,302 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Exelon during the fourth quarter valued at about $212,000. OMERS ADMINISTRATION Corp lifted its position in shares of Exelon by 20.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 41,603 shares of the company's stock valued at $1,566,000 after purchasing an additional 7,070 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Exelon by 7.1% during the fourth quarter. Nuveen Asset Management LLC now owns 4,015,710 shares of the company's stock valued at $151,151,000 after purchasing an additional 264,686 shares in the last quarter. Finally, NorthRock Partners LLC bought a new position in shares of Exelon during the fourth quarter valued at about $308,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EXC shares. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. UBS Group restated a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, KeyCorp decreased their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exelon has a consensus rating of "Hold" and an average target price of $47.20.

Exelon Price Performance

NASDAQ:EXC traded down $0.61 during mid-day trading on Tuesday, hitting $42.82. 3,287,123 shares of the stock traded hands, compared to its average volume of 7,120,228. The business's 50-day moving average price is $44.01 and its 200 day moving average price is $44.20. The company has a market cap of $43.25 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.54 and a beta of 0.41. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.7%. Exelon's payout ratio is presently 60.84%.

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.