Bayesian Capital Management LP Takes Position in Exelon Co. (NASDAQ:EXC)

Bayesian Capital Management LP bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 164,100 shares of the company's stock, valued at approximately $6,177,000. Exelon accounts for 0.8% of Bayesian Capital Management LP's portfolio, making the stock its 11th biggest position.

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

Analysts Set New Price Targets

Several research analysts have commented on EXC shares. UBS Group boosted their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley raised their price target on shares of Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, Guggenheim upped their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Five 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 stock presently has a consensus rating of "Hold" and an average price target of $48.22.

Exelon Trading Up 0.3 %

EXC stock traded up $0.14 during trading on Friday, hitting $45.24. The company had a trading volume of 2,070,831 shares, compared to its average volume of 7,227,929. The stock has a market cap of $45.67 billion, a PE ratio of 18.47, a PEG ratio of 2.86 and a beta of 0.43. The business has a 50-day moving average of $45.20 and a 200-day moving average of $41.41. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Research analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio is 59.48%.

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.