Exelon Co. (NASDAQ:EXC) Stock Position Lifted by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 109.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 513,709 shares of the company's stock after buying an additional 268,847 shares during the quarter. AQR Capital Management LLC owned 0.05% of Exelon worth $19,336,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lido Advisors LLC grew its position in shares of Exelon by 1.3% in the 4th quarter. Lido Advisors LLC now owns 27,570 shares of the company's stock valued at $1,038,000 after buying an additional 353 shares during the last quarter. Northern Trust Corp raised its position in Exelon by 16.4% in the 4th quarter. Northern Trust Corp now owns 11,212,263 shares of the company's stock valued at $422,030,000 after purchasing an additional 1,577,317 shares during the last quarter. Decade Renewable Partners LP boosted its stake in Exelon by 1,637.2% during the 4th quarter. Decade Renewable Partners LP now owns 535,054 shares of the company's stock worth $20,139,000 after purchasing an additional 504,254 shares during the period. Beacon Pointe Advisors LLC grew its position in Exelon by 6.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 12,937 shares of the company's stock worth $487,000 after purchasing an additional 821 shares during the last quarter. Finally, Berger Financial Group Inc acquired a new position in Exelon in the fourth quarter valued at $268,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Guggenheim raised their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Scotiabank lifted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets increased their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $48.22.

Exelon Trading Down 2.7 %

Shares of NASDAQ EXC traded down $1.24 during trading on Thursday, hitting $45.10. 6,328,837 shares of the company traded hands, compared to its average volume of 7,248,169. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $45.53 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a 50-day moving average price of $45.19 and a 200-day moving average price of $41.38. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11.

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, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the company posted $0.68 EPS. The company's revenue was up 11.1% compared to the same quarter last year. On average, equities analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.55%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio (DPR) is presently 59.48%.

About Exelon

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.