California Public Employees Retirement System Reduces Holdings in Exelon Corporation $EXC

California Public Employees Retirement System trimmed its stake in shares of Exelon Corporation (NASDAQ:EXC) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,879,876 shares of the company’s stock after selling 365,454 shares during the quarter. California Public Employees Retirement System’s holdings in Exelon were worth $239,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Exelon by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after buying an additional 595,555 shares during the period. State Street Corp boosted its position in Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after buying an additional 2,550,786 shares during the period. Lazard Asset Management LLC boosted its position in Exelon by 3.0% during the 4th quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock valued at $1,008,239,000 after buying an additional 683,950 shares during the period. Deutsche Bank AG grew its holdings in Exelon by 2.9% in the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after acquiring an additional 595,655 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Exelon by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after acquiring an additional 393,917 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXC. KeyCorp lowered their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Citigroup started coverage on shares of Exelon in a report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price for the company. Wells Fargo & Company set a $50.00 target price on Exelon in a research note on Tuesday, April 21st. Royal Bank Of Canada reduced their price target on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $49.00 price target (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.33.

Exelon Price Performance

EXC opened at $46.26 on Friday. The stock has a fifty day simple moving average of $45.92 and a two-hundred day simple moving average of $46.37. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market cap of $47.33 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 2.71 and a beta of 0.31. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.6%. Exelon’s payout ratio is presently 61.54%.

Exelon 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.