Soros Fund Management LLC Acquires Shares of 200,000 Exelon Co. (NASDAQ:EXC)

Soros Fund Management LLC acquired a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the company's stock, valued at approximately $7,528,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Exelon during the fourth quarter worth about $479,597,000. Price T Rowe Associates Inc. MD increased its stake in Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after buying an additional 7,483,873 shares during the period. FMR LLC lifted its holdings in Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after buying an additional 5,524,103 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after buying an additional 3,068,309 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company's stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Exelon Stock Down 0.3 %

Shares of NASDAQ EXC traded down $0.12 during mid-day trading on Friday, reaching $46.48. The company had a trading volume of 5,876,748 shares, compared to its average volume of 7,277,091. The firm has a 50 day simple moving average of $45.06 and a two-hundred day simple moving average of $41.27. 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. The stock has a market cap of $46.92 billion, a P/E ratio of 18.97, a PEG ratio of 2.86 and a beta of 0.43.

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. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. Sell-side analysts predict 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 is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. Exelon's payout ratio is 59.48%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EXC shares. UBS Group lifted their target price on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley upped their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Evercore ISI boosted their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday. Finally, Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $48.22.

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.