Neo Ivy Capital Management Purchases New Holdings in Exelon Co. (NASDAQ:EXC)

Neo Ivy Capital Management bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,588 shares of the company's stock, valued at approximately $360,000.

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

Exelon Stock Performance

Shares of EXC stock traded up $0.35 during mid-day trading on Thursday, reaching $43.63. 1,375,295 shares of the company's stock traded hands, compared to its average volume of 7,291,078. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The firm has a 50 day moving average price of $45.21 and a two-hundred day moving average price of $41.84. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a market capitalization of $44.04 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

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

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, May 12th. Exelon's payout ratio is currently 59.48%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Guggenheim boosted their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, Barclays upped their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $47.30.

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.