Exelon Corporation $EXC Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in Exelon Corporation (NASDAQ:EXC) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 951,140 shares of the company’s stock after selling 72,142 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Exelon were worth $38,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXC. Jacobi Capital Management LLC grew its position in shares of Exelon by 13.2% in the 3rd quarter. Jacobi Capital Management LLC now owns 21,537 shares of the company’s stock valued at $870,000 after acquiring an additional 2,505 shares during the period. First Command Advisory Services Inc. raised its holdings in shares of Exelon by 199.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 8,590 shares of the company’s stock valued at $347,000 after purchasing an additional 5,725 shares during the period. Searle & CO. bought a new stake in shares of Exelon in the 3rd quarter valued at about $342,000. Csenge Advisory Group raised its holdings in shares of Exelon by 6.6% in the 3rd quarter. Csenge Advisory Group now owns 8,779 shares of the company’s stock valued at $355,000 after purchasing an additional 544 shares during the period. Finally, New York Life Investment Management LLC lifted its stake in Exelon by 0.9% in the 3rd quarter. New York Life Investment Management LLC now owns 153,950 shares of the company’s stock valued at $6,220,000 after purchasing an additional 1,306 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC opened at $45.61 on Thursday. The firm has a market capitalization of $47.20 billion, a PE ratio of 17.75, a PEG ratio of 2.49 and a beta of 0.24. The company’s 50-day moving average is $43.15 and its 200-day moving average is $45.64. Exelon Corporation has a fifty-two week low of $39.73 and a fifty-two week high of $50.65. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last posted its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Exelon had a net margin of 10.17% and a return on equity of 9.75%. Exelon’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. Equities analysts forecast that Exelon Corporation will post 2.87 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 4th. Exelon’s dividend payout ratio is currently 65.37%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of Exelon in a report on Wednesday, October 28th. Argus dropped their price objective on Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. dropped their price objective on Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. KeyCorp raised Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 price objective for the company in a research report on Monday, October 12th. Finally, BMO Capital Markets reduced their target price on Exelon from $47.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday, October 22nd. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $48.33.

Exelon Company Profile

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services. The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.