Police & Firemen s Retirement System of New Jersey Purchases 8,011 Shares of Exelon Corporation $EXC

Police & Firemen s Retirement System of New Jersey increased its holdings in Exelon Corporation (NASDAQ:EXC) by 5.5% during the 2nd quarter, Holdings Channel reports. The firm owned 153,093 shares of the company’s stock after buying an additional 8,011 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Exelon were worth $6,647,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Zurich Insurance Group Ltd FI bought a new position in shares of Exelon during the first quarter valued at $47,789,000. Intech Investment Management LLC grew its holdings in shares of Exelon by 24.6% during the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after buying an additional 8,809 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Exelon by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock valued at $72,637,000 after buying an additional 100,406 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Exelon by 11.7% during the second quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock valued at $298,669,000 after acquiring an additional 724,957 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Exelon by 26.2% in the 1st quarter. Empowered Funds LLC now owns 72,308 shares of the company’s stock worth $3,332,000 after acquiring an additional 15,019 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.1%

Exelon stock opened at $45.94 on Friday. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. The company has a market cap of $46.41 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.93 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business has a 50-day simple moving average of $45.63 and a two-hundred day simple moving average of $44.51.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon’s payout ratio is 57.35%.

Wall Street Analyst Weigh In

Several analysts have commented on EXC shares. KeyCorp increased their target price on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. UBS Group upped their price target on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. Barclays boosted their target price on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, BTIG Research began coverage on shares of Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.55.

Exelon 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.