Zimmer Partners LP Has $9.41 Million Position in Exelon Co. (NASDAQ:EXC)

Zimmer Partners LP lowered its position in Exelon Co. (NASDAQ:EXC - Free Report) by 36.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,000 shares of the company's stock after selling 141,000 shares during the quarter. Zimmer Partners LP's holdings in Exelon were worth $9,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vident Advisory LLC increased its stake in shares of Exelon by 122.5% in the fourth 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 during the period. Wexford Capital LP boosted its holdings in shares of Exelon by 506.5% in the fourth quarter. Wexford Capital LP now owns 65,217 shares of the company's stock valued at $2,455,000 after acquiring an additional 54,464 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Exelon by 12.3% in the fourth quarter. Two Sigma Advisers LP now owns 34,600 shares of the company's stock valued at $1,302,000 after acquiring an additional 3,800 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Exelon by 463.2% in the fourth quarter. Two Sigma Investments LP now owns 385,270 shares of the company's stock valued at $14,502,000 after acquiring an additional 316,857 shares in the last quarter. Finally, Texas Bank & Trust Co bought a new position in shares of Exelon in the fourth quarter valued at approximately $629,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

NASDAQ:EXC traded up $0.25 during trading hours on Friday, reaching $43.67. 9,679,452 shares of the company's stock were exchanged, compared to its average volume of 7,316,110. The company has a market capitalization of $44.09 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. 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 business's 50-day simple moving average is $45.25 and its two-hundred day simple moving average is $41.75.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping 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 analyst estimates of $6.30 billion. During the same quarter last year, the business posted $0.68 EPS. The company's revenue was up 11.1% on a year-over-year basis. Sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's dividend payout ratio is 59.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Guggenheim increased their price objective 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 increased their price objective 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. BMO Capital Markets increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Morgan Stanley decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, UBS Group increased their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Exelon has a consensus 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.