Exelon Co. (NASDAQ:EXC) Shares Sold by ATLAS Infrastructure Partners UK Ltd.

ATLAS Infrastructure Partners UK Ltd. cut its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 71.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,979,844 shares of the company's stock after selling 4,960,586 shares during the quarter. Exelon accounts for 17.9% of ATLAS Infrastructure Partners UK Ltd.'s investment portfolio, making the stock its 2nd biggest holding. ATLAS Infrastructure Partners UK Ltd. owned approximately 0.20% of Exelon worth $74,521,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in shares of Exelon in the fourth quarter valued at approximately $28,000. Stephens Consulting LLC lifted its stake in shares of Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon during the 4th quarter worth $30,000. Crews Bank & Trust purchased a new stake in shares of Exelon in the fourth quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC grew its position 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 purchasing an additional 513 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXC shares. Evercore ISI increased their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday. Barclays lifted 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 report on Thursday, February 13th. Finally, BMO Capital Markets upped their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $48.22.

Exelon Stock Up 0.7 %

Shares of NASDAQ EXC traded up $0.31 during trading on Tuesday, reaching $46.31. 6,444,843 shares of the stock were exchanged, compared to its average volume of 7,265,973. The company has a market capitalization of $46.76 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The business's 50-day moving average price is $45.10 and its 200 day moving average price is $41.31. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 earned $0.68 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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 paid a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.45%. Exelon's dividend payout ratio (DPR) is presently 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.