Louisiana State Employees Retirement System Cuts Position in Exelon Co. (NASDAQ:EXC)

Louisiana State Employees Retirement System lessened its holdings in Exelon Co. (NASDAQ:EXC) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,600 shares of the company’s stock after selling 3,400 shares during the period. Louisiana State Employees Retirement System’s holdings in Exelon were worth $5,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after acquiring an additional 16,686,526 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after acquiring an additional 113,428 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after acquiring an additional 193,223 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $40.07 on Friday. The firm has a market capitalization of $40.07 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business’s fifty day moving average price is $39.49 and its 200 day moving average price is $37.62. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.79%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Analyst Ratings Changes

A number of research firms recently commented on EXC. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group started coverage on Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley upped their price target on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.33.

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.