Teacher Retirement System of Texas Sells 15,370 Shares of Exelon Corporation $EXC

Teacher Retirement System of Texas reduced its position in shares of Exelon Corporation (NASDAQ:EXC) by 8.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,487 shares of the company’s stock after selling 15,370 shares during the quarter. Teacher Retirement System of Texas’ holdings in Exelon were worth $7,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Exelon by 1.6% during the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock valued at $5,644,255,000 after acquiring an additional 2,075,014 shares during the last quarter. State Street Corp increased its holdings in Exelon by 4.0% during the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after purchasing an additional 2,491,064 shares during the period. Geode Capital Management LLC raised its position in Exelon by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after purchasing an additional 931,897 shares during the last quarter. Invesco Ltd. lifted its holdings in Exelon by 7.4% in the 2nd quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after buying an additional 1,023,874 shares during the period. Finally, Norges Bank bought a new stake in shares of Exelon in the 2nd quarter worth approximately $589,122,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.2%

Shares of Exelon stock opened at $44.06 on Monday. Exelon Corporation has a 1 year low of $38.85 and a 1 year high of $48.51. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.59 and a beta of 0.46. The company has a 50-day moving average of $44.37 and a 200 day moving average of $44.75. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. Exelon’s payout ratio is presently 57.35%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXC. Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Wells Fargo & Company reduced their price objective on shares of Exelon from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Barclays dropped their target price on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley reaffirmed an “underperform” rating and set a $51.00 target price on shares of Exelon in a research note on Wednesday. Finally, UBS Group lowered their price objective on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.54.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.