State of New Jersey Common Pension Fund D Buys 1,915 Shares of Exelon Corporation $EXC

State of New Jersey Common Pension Fund D grew its stake in shares of Exelon Corporation (NASDAQ:EXC) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,462 shares of the company’s stock after buying an additional 1,915 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Exelon were worth $14,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after buying an additional 581,686 shares during the last quarter. Deutsche Bank AG boosted its holdings in Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after buying an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Exelon by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after buying an additional 106,917 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Exelon by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after purchasing an additional 83,518 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Exelon by 11.8% during the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock valued at $577,470,000 after purchasing an additional 1,319,637 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. KeyCorp lifted their price objective on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. Morgan Stanley lifted their price objective on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday. TD Cowen assumed coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective on the stock. Finally, Barclays lifted their price objective on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.36.

Exelon Trading Up 0.9%

NASDAQ EXC opened at $48.03 on Friday. The stock has a market capitalization of $48.51 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.98 and a beta of 0.40. The stock’s 50 day moving average price is $44.96 and its two-hundred day moving average price is $44.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.51.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, 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, September 15th. Stockholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. Exelon’s dividend payout ratio is currently 60.84%.

About Exelon

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.