Teacher Retirement System of Texas trimmed its position in Exelon Co. (NASDAQ:EXC) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,975 shares of the company’s stock after selling 171,128 shares during the period. Teacher Retirement System of Texas’ holdings in Exelon were worth $11,117,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Albion Financial Group UT acquired a new stake in Exelon in the 2nd quarter worth about $27,000. Penserra Capital Management LLC acquired a new position in shares of Exelon during the 2nd quarter worth approximately $27,000. Selective Wealth Management Inc. boosted its holdings in shares of Exelon by 40.0% during the 3rd quarter. Selective Wealth Management Inc. now owns 700 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Exelon by 108.4% during the 2nd quarter. Clearstead Advisors LLC now owns 792 shares of the company’s stock worth $35,000 after purchasing an additional 412 shares during the last quarter. Finally, Nvwm LLC acquired a new position in shares of Exelon during the 3rd quarter worth approximately $40,000. Institutional investors own 79.92% of the company’s stock.
NASDAQ EXC opened at $56.24 on Friday. The company has a fifty day moving average of $54.66 and a two-hundred day moving average of $50.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.94 and a quick ratio of 0.83. Exelon Co. has a 1 year low of $38.35 and a 1 year high of $58.01. The company has a market capitalization of $54.99 billion, a PE ratio of 32.89, a P/E/G ratio of 3.51 and a beta of 0.50.
The company also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Monday, November 15th were given a dividend of $0.3825 per share. This represents a $1.53 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, November 12th. Exelon’s dividend payout ratio (DPR) is 89.47%.
A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Exelon from $51.00 to $60.00 in a report on Tuesday, January 4th. Morgan Stanley upped their price objective on Exelon from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Investment Research cut Exelon from a “strong-buy” rating to a “hold” rating and set a $54.00 price target on the stock. in a research note on Thursday, October 21st. Wells Fargo & Company upped their price objective on Exelon from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 12th. Finally, Mizuho lowered Exelon from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $55.00 to $57.00 in a research report on Monday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $58.43.
In other news, CEO Joseph Dominguez sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 24th. The stock was sold at an average price of $54.39, for a total value of $870,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher M. Crane sold 285,000 shares of the company’s stock in a transaction on Friday, November 19th. The stock was sold at an average price of $53.49, for a total value of $15,244,650.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,000 shares of company stock worth $16,810,260. 0.31% of the stock is currently owned by corporate insiders.
Exelon Company Profile
Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.
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