Neo Ivy Capital Management Makes New Investment in Exelon Co. (NASDAQ:EXC)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC grew its holdings in shares of Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon in the fourth quarter worth $30,000. Crews Bank & Trust bought a new stake in Exelon during the 4th quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Exelon by 119.6% during 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 last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Stock Down 1.4%

NASDAQ EXC traded down $0.63 during trading hours on Wednesday, reaching $43.28. 4,339,961 shares of the company's stock traded hands, compared to its average volume of 7,308,568. 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 firm has a 50-day simple moving average of $45.22 and a 200 day simple moving average of $41.83. The firm has a market cap of $43.69 billion, a PE ratio of 17.67, a PEG ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $6.30 billion. During the same period last year, the business earned $0.68 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 3.70%. Exelon's dividend payout ratio (DPR) is presently 59.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXC. Guggenheim upped their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Scotiabank lifted their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, UBS Group raised their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Exelon currently has an average rating of "Hold" and an average price target of $47.30.

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.