Retirement Systems of Alabama Sells 11,935 Shares of Exelon Corporation $EXC

by · The Cerbat Gem

Retirement Systems of Alabama cut its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 923,103 shares of the company’s stock after selling 11,935 shares during the quarter. Retirement Systems of Alabama owned approximately 0.09% of Exelon worth $40,081,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC boosted its stake in shares of Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Exelon in the 1st quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon in the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon during the first quarter worth $42,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of a number of research reports. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. Evercore ISI assumed coverage on Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. BTIG Research began coverage on Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. TD Cowen began coverage on Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.55.

Check Out Our Latest Stock Analysis on Exelon

Exelon Price Performance

Shares of NASDAQ EXC opened at $47.07 on Friday. The company has a market capitalization of $47.54 billion, a PE ratio of 17.90, a P/E/G ratio of 2.93 and a beta of 0.40. 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 Corporation has a twelve month low of $35.94 and a twelve month high of $48.51. The firm has a fifty day simple moving average of $45.19 and a 200 day simple moving average of $44.57.

Exelon (NASDAQ:EXC – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. On average, sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.4%. Exelon’s dividend payout ratio (DPR) is 60.84%.

Exelon Profile

(Free Report)

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.

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