State of New Jersey Common Pension Fund D Has $14.65 Million Position in Exelon Corporation $EXC

State of New Jersey Common Pension Fund D increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 337,462 shares of the company’s stock after acquiring an additional 1,915 shares during the quarter. 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.

Other institutional investors have also made changes to their positions in the company. Hager Investment Management Services LLC increased its holdings in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon during the 1st quarter worth approximately $34,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Exelon during the 2nd quarter worth approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Exelon during the 1st quarter worth approximately $42,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Performance

EXC opened at $48.03 on Friday. The firm has a market cap of $48.51 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business’s fifty day moving average is $44.96 and its 200-day moving average is $44.50.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of research analysts 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 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday. Jefferies Financial Group set a $57.00 price objective on Exelon in a report on Wednesday, October 15th. Finally, BTIG Research started coverage on Exelon in a report on Tuesday. They issued a “neutral” rating on the stock. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.36.

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.