Public Employees Retirement System of Ohio Sells 86,843 Shares of Exelon Co. (NASDAQ:EXC)

Public Employees Retirement System of Ohio decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 14.1% during the first quarter, Holdings Channel reports. The firm owned 528,365 shares of the company’s stock after selling 86,843 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Exelon were worth $19,851,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Heritage Wealth Advisors lifted its stake in shares of Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC bought a new position in Exelon in the first quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Exelon in the first quarter worth approximately $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Exelon during the 4th quarter valued at $39,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Exelon by 174.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock worth $41,000 after purchasing an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXC. Wells Fargo & Company lifted their target price on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Morgan Stanley lowered their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. BMO Capital Markets increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Scotiabank lowered their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Barclays upped their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $39.09.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $37.05 on Tuesday. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 2.68 and a beta of 0.52. The firm has a fifty day moving average price of $35.81 and a 200 day moving average price of $36.19. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $42.15. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, sell-side analysts expect that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

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.