Exelon Co. (NASDAQ:EXC) Shares Acquired by Tortoise Investment Management LLC

Tortoise Investment Management LLC increased its stake in shares of Exelon Co. (NASDAQ:EXC) by 58.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705 shares of the company’s stock after acquiring an additional 631 shares during the quarter. Tortoise Investment Management LLC’s holdings in Exelon were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Antonetti Capital Management LLC increased its holdings in shares of Exelon by 98.8% in the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Addison Advisors LLC raised its holdings in shares of Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after buying an additional 276 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Exelon during the third quarter worth about $31,000. Bruce G. Allen Investments LLC acquired a new position in Exelon in the 4th quarter valued at about $34,000. Finally, Venturi Wealth Management LLC raised its stake in Exelon by 174.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after acquiring an additional 722 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC stock traded down $0.04 during midday trading on Friday, hitting $38.58. 6,088,705 shares of the stock were exchanged, compared to its average volume of 6,389,321. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a market cap of $38.58 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.69 and a beta of 0.53. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The stock’s 50-day moving average price is $37.34 and its 200-day moving average price is $36.96.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Research analysts predict that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 3.94%. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Bank of America dropped their price objective on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Scotiabank reduced their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays lifted their target price on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Finally, TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.83.

Exelon Company 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.