Hudson Bay Capital Management LP Makes New Investment in Exelon Co. (NASDAQ:EXC)

Hudson Bay Capital Management LP acquired a new stake in Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 292,213 shares of the company's stock, valued at approximately $10,999,000.

Other institutional investors have also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC increased its holdings in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of Exelon in the fourth quarter worth about $30,000. Crews Bank & Trust purchased a new stake in shares of Exelon during the 4th quarter worth about $34,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of 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 acquiring an additional 513 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. BMO Capital Markets increased their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company boosted their price target on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Scotiabank raised their price objective on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, Evercore ISI upped their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $47.30.

Exelon Stock Up 2.8%

EXC stock traded up $1.18 during midday trading on Thursday, reaching $43.43. 8,463,150 shares of the company were exchanged, compared to its average volume of 7,265,768. The company has a market cap of $43.84 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The stock's 50-day simple moving average is $45.22 and its 200 day simple moving average is $41.49.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.30 billion. During the same quarter last year, the company posted $0.68 earnings per share. The business's quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.68%. Exelon's payout ratio is 59.48%.

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.