New York State Common Retirement Fund trimmed its holdings in shares of Exelon Co. (NYSE:EXC) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,504,684 shares of the energy giant’s stock after selling 4,567 shares during the period. New York State Common Retirement Fund’s holdings in Exelon were worth $125,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HL Financial Services LLC grew its holdings in Exelon by 3.2% during the 1st quarter. HL Financial Services LLC now owns 6,387 shares of the energy giant’s stock valued at $320,000 after buying an additional 200 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after buying an additional 209 shares in the last quarter. Bank of The West grew its holdings in Exelon by 2.0% during the 1st quarter. Bank of The West now owns 11,953 shares of the energy giant’s stock valued at $599,000 after buying an additional 233 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in Exelon by 58.5% during the 1st quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Finally, Cigna Investments Inc. New grew its holdings in Exelon by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 28,059 shares of the energy giant’s stock valued at $1,265,000 after buying an additional 252 shares in the last quarter. Institutional investors own 80.23% of the company’s stock.

A number of research analysts have weighed in on the company. Wells Fargo & Co raised Exelon from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $57.00 in a report on Tuesday, April 2nd. Goldman Sachs Group raised Exelon from a “sell” rating to a “neutral” rating and lifted their target price for the company from $43.00 to $47.00 in a report on Tuesday, April 9th. Mizuho lifted their target price on Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Morgan Stanley lifted their target price on Exelon from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Finally, Scotiabank reaffirmed a “buy” rating and set a $50.00 target price on shares of Exelon in a report on Wednesday, February 13th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Exelon presently has a consensus rating of “Buy” and an average price target of $48.97.

In related news, EVP Paymon Aliabadi sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $48.36, for a total value of $846,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Nigro sold 53,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the completion of the sale, the executive vice president now owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Shares of NYSE EXC opened at $48.93 on Tuesday. Exelon Co. has a 12 month low of $39.11 and a 12 month high of $51.03. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. The stock has a market cap of $47.56 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 4.14 and a beta of 0.37.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The company had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Exelon’s revenue was down 2.2% on a year-over-year basis. Sell-side analysts anticipate that Exelon Co. will post 3.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Tuesday, May 14th. Exelon’s payout ratio is 46.47%.

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Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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