Decade Renewable Partners LP Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Decade Renewable Partners LP grew its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 1,637.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 535,054 shares of the company's stock after acquiring an additional 504,254 shares during the quarter. Exelon comprises about 9.9% of Decade Renewable Partners LP's investment portfolio, making the stock its largest holding. Decade Renewable Partners LP owned about 0.05% of Exelon worth $20,139,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Te Ahumairangi Investment Management Ltd grew its position in Exelon by 3.1% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company's stock valued at $3,451,000 after buying an additional 2,600 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Exelon during the third quarter worth approximately $376,000. Tidal Investments LLC lifted its position in Exelon by 6.5% in the third quarter. Tidal Investments LLC now owns 44,458 shares of the company's stock worth $1,803,000 after purchasing an additional 2,718 shares during the period. Synovus Financial Corp boosted its stake in Exelon by 70.5% during the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company's stock valued at $756,000 after purchasing an additional 7,713 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Exelon by 17.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 21,318 shares of the company's stock worth $865,000 after buying an additional 3,244 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.3 %

EXC traded down $0.12 on Friday, reaching $46.48. 5,876,737 shares of the company traded hands, compared to its average volume of 8,216,404. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market cap of $46.92 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.86 and a beta of 0.39. The stock's 50 day moving average price is $45.01 and its 200-day moving average price is $41.23.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) 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 business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the company earned $0.68 earnings per share. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.44%. Exelon's dividend payout ratio is currently 65.31%.

Insider Activity at Exelon

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

Analysts Set New Price Targets

A number of research firms recently issued reports on EXC. Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. BMO Capital Markets lifted their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday. Evercore ISI increased 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. Finally, Wells Fargo & Company boosted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $48.22.

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.