Voloridge Investment Management LLC Purchases 309,720 Shares of Exelon Co. (NASDAQ:EXC)

Voloridge Investment Management LLC raised its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 200.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 464,461 shares of the company's stock after buying an additional 309,720 shares during the period. Voloridge Investment Management LLC's holdings in Exelon were worth $17,482,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Waverly Advisors LLC boosted its position in shares of Exelon by 74.4% during the 4th quarter. Waverly Advisors LLC now owns 9,410 shares of the company's stock valued at $354,000 after purchasing an additional 4,013 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Exelon during the 4th quarter valued at about $2,271,000. Vident Advisory LLC boosted its position in shares of Exelon by 122.5% during the 4th quarter. Vident Advisory LLC now owns 36,910 shares of the company's stock valued at $1,389,000 after purchasing an additional 20,322 shares in the last quarter. Wexford Capital LP boosted its position in shares of Exelon by 506.5% during the 4th quarter. Wexford Capital LP now owns 65,217 shares of the company's stock valued at $2,455,000 after purchasing an additional 54,464 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Exelon by 12.3% during the 4th quarter. Two Sigma Advisers LP now owns 34,600 shares of the company's stock valued at $1,302,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXC. Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a report on Wednesday, May 14th. Barclays increased their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Evercore ISI raised 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, May 2nd. One equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $47.30.

Exelon Trading Down 1.2%

Shares of EXC traded down $0.54 during trading hours on Wednesday, hitting $43.38. The company had a trading volume of 959,303 shares, compared to its average volume of 7,295,310. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The firm has a market cap of $43.79 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock's 50 day moving average price is $45.22 and its 200 day moving average price is $41.83.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.52% and a net margin of 10.68%. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Exelon's revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. Exelon's dividend payout ratio is presently 59.48%.

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.