SIR Capital Management L.P. Grows Position in Exelon Co. (NASDAQ:EXC)

SIR Capital Management L.P. boosted its position in Exelon Co. (NASDAQ:EXC - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,014 shares of the company's stock after buying an additional 149,200 shares during the quarter. Exelon makes up approximately 1.7% of SIR Capital Management L.P.'s portfolio, making the stock its 21st biggest position. SIR Capital Management L.P.'s holdings in Exelon were worth $16,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Exelon by 125.6% in the fourth quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after buying an additional 2,137,439 shares during the period. Rafferty Asset Management LLC grew its position in Exelon by 13.1% during the 4th quarter. Rafferty Asset Management LLC now owns 459,964 shares of the company's stock worth $17,313,000 after acquiring an additional 53,289 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Exelon during the 4th quarter worth approximately $875,000. ProShare Advisors LLC increased its stake in Exelon by 18.6% in the 4th quarter. ProShare Advisors LLC now owns 1,412,224 shares of the company's stock worth $53,156,000 after purchasing an additional 221,831 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Exelon by 46.2% in the fourth quarter. Quantinno Capital Management LP now owns 110,774 shares of the company's stock valued at $4,170,000 after purchasing an additional 35,015 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on EXC shares. Morgan Stanley raised their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Wells Fargo & Company upped 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. Barclays raised their target price on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Evercore ISI upped their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $47.30.

Exelon Stock Up 0.7%

Shares of EXC stock traded up $0.30 during midday trading on Monday, reaching $44.39. 6,429,427 shares of the stock were exchanged, compared to its average volume of 7,283,810. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The firm has a market cap of $44.81 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company's 50 day moving average is $45.23 and its two-hundred day moving average is $41.57. 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 (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results 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 return on equity of 9.52% and a net margin of 10.68%. The company had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts predict that Exelon Co. will post 2.64 EPS 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, May 12th. Exelon's payout ratio is currently 59.48%.

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.