Investment Management Corp of Ontario Purchases 108,923 Shares of Exelon Co. (NASDAQ:EXC)

Investment Management Corp of Ontario lifted its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 327.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,167 shares of the company's stock after purchasing an additional 108,923 shares during the quarter. Investment Management Corp of Ontario's holdings in Exelon were worth $5,351,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new stake in Exelon in the fourth quarter valued at approximately $212,000. Hudson Bay Capital Management LP bought a new position in shares of Exelon in the 4th quarter worth $10,999,000. Gotham Asset Management LLC grew its position in Exelon by 25.8% in the 4th quarter. Gotham Asset Management LLC now owns 169,181 shares of the company's stock valued at $6,368,000 after purchasing an additional 34,669 shares during the period. Graham Capital Management L.P. grew its position in Exelon by 492.9% in the 4th quarter. Graham Capital Management L.P. now owns 235,760 shares of the company's stock valued at $8,874,000 after purchasing an additional 195,996 shares during the period. Finally, Focus Partners Wealth increased its stake in Exelon by 35.2% during the 4th quarter. Focus Partners Wealth now owns 39,597 shares of the company's stock valued at $1,523,000 after purchasing an additional 10,302 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXC has been the subject of a number of analyst reports. Guggenheim lifted 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. Scotiabank raised their price target 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. BMO Capital Markets lifted their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research note on Wednesday. Finally, Wells Fargo & Company raised their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $47.30.

Exelon Stock Performance

Shares of Exelon stock traded down $0.72 during mid-day trading on Wednesday, hitting $42.25. 12,272,969 shares of the stock were exchanged, compared to its average volume of 7,260,980. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a 50-day simple moving average of $45.22 and a 200 day simple moving average of $41.49. The company has a market capitalization of $42.65 billion, a P/E ratio of 17.24, a P/E/G 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 (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results 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 return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the company posted $0.68 earnings per share. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed 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 3.79%. Exelon's dividend payout ratio (DPR) is presently 59.48%.

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.