Voleon Capital Management LP Purchases Shares of 361,296 Exelon Co. (NASDAQ:EXC)

Voleon Capital Management LP bought a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 361,296 shares of the company's stock, valued at approximately $13,599,000. Exelon makes up about 1.0% of Voleon Capital Management LP's holdings, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC acquired a new position in shares of Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC boosted its stake in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon during the fourth quarter worth $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon in the fourth quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after buying an additional 513 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Trading Down 0.3 %

NASDAQ:EXC traded down $0.12 during mid-day trading on Friday, hitting $46.48. The company had a trading volume of 5,876,748 shares, compared to its average volume of 7,275,081. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The firm has a market cap of $46.92 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.86 and a beta of 0.39. The business's fifty day moving average is $45.06 and its two-hundred day moving average is $41.27.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter last year, the firm earned $0.68 EPS. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio is currently 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company's stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXC. BMO Capital Markets increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Guggenheim upped their price objective on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday. Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Finally, UBS Group boosted their target price on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and a consensus target price of $48.22.

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.