Exelon Co. (NASDAQ:EXC) Stock Position Decreased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in shares of Exelon Co. (NASDAQ:EXC) by 20.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,522 shares of the company’s stock after selling 41,199 shares during the period. Texas Permanent School Fund Corp’s holdings in Exelon were worth $5,694,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Heritage Wealth Advisors boosted its stake in Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Exelon in the first quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in shares of Exelon in the first quarter valued at $26,000. Versant Capital Management Inc boosted its position in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in shares of Exelon during the second quarter valued at $28,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Up 1.4 %

Shares of NASDAQ:EXC opened at $39.86 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The firm has a fifty day moving average price of $37.19 and a 200 day moving average price of $36.88. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $39.86 billion, a PE ratio of 17.18, a P/E/G ratio of 2.77 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Analysts expect that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s payout ratio is 65.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays increased their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their target price on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.82.

Exelon Company 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.