Neo Ivy Capital Management Invests $360,000 in Exelon Co. (NASDAQ:EXC)

Neo Ivy Capital Management purchased a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 modified their holdings of EXC. Wesbanco Bank Inc. boosted its stake in Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after acquiring an additional 296 shares during the last quarter. PFG Investments LLC boosted its stake in Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company's stock valued at $495,000 after acquiring an additional 305 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock worth $697,000 after purchasing an additional 311 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Exelon by 3.0% during the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock worth $450,000 after purchasing an additional 322 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in shares of Exelon by 2.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock worth $444,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Trading Up 0.5%

NASDAQ EXC traded up $0.24 on Tuesday, hitting $43.91. The company's stock had a trading volume of 8,395,466 shares, compared to its average volume of 7,320,426. 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 1-year low of $34.01 and a 1-year high of $48.11. The company's 50-day moving average is $45.23 and its 200 day moving average is $41.82. The firm has a market cap of $44.33 billion, a PE ratio of 17.92, 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. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Monday, May 12th. Exelon's payout ratio is currently 59.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXC. BMO Capital Markets lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wells Fargo & Company lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Guggenheim lifted their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. UBS Group lifted their price target on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley cut their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Exelon presently has a consensus 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.