Tidal Investments LLC Purchases 7,964 Shares of Exelon Co. (NASDAQ:EXC)

Tidal Investments LLC boosted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,422 shares of the company's stock after acquiring an additional 7,964 shares during the period. Tidal Investments LLC's holdings in Exelon were worth $1,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of Exelon during the fourth quarter valued at about $229,000. SIR Capital Management L.P. raised its position in shares of Exelon by 52.2% during the fourth quarter. SIR Capital Management L.P. now owns 435,014 shares of the company's stock valued at $16,374,000 after buying an additional 149,200 shares during the last quarter. Royal Bank of Canada raised its position in shares of Exelon by 125.6% during the fourth quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock valued at $144,489,000 after buying an additional 2,137,439 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Exelon by 13.1% during the fourth quarter. Rafferty Asset Management LLC now owns 459,964 shares of the company's stock valued at $17,313,000 after buying an additional 53,289 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Exelon during the fourth quarter valued at about $875,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

NASDAQ EXC traded up $0.19 on Thursday, reaching $43.47. The company's stock had a trading volume of 1,011,509 shares, compared to its average volume of 7,289,739. The firm has a market cap of $43.88 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The business has a 50-day moving average price of $45.21 and a 200 day moving average price of $41.84. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.68%. Exelon's dividend payout ratio is 59.48%.

Analyst Ratings Changes

A number of research analysts have recently commented on EXC shares. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Evercore ISI upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. UBS Group upped their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Guggenheim upped their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $47.30.

About Exelon

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.