Kapitalo Investimentos Ltda Takes Position in Exelon Co. (NASDAQ:EXC)

Kapitalo Investimentos Ltda acquired a new position in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,709 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds also recently bought and sold shares of EXC. Voleon Capital Management LP purchased a new stake in shares of Exelon during the 4th quarter worth $13,599,000. Evergreen Wealth Solutions LLC bought a new position in Exelon in the fourth quarter worth about $312,000. Soros Fund Management LLC purchased a new stake in shares of Exelon during the fourth quarter valued at about $7,528,000. AQR Capital Management LLC lifted its position in shares of Exelon by 109.8% during the fourth quarter. AQR Capital Management LLC now owns 513,709 shares of the company’s stock valued at $19,336,000 after buying an additional 268,847 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Exelon by 1.3% in the 4th quarter. Lido Advisors LLC now owns 27,570 shares of the company’s stock valued at $1,038,000 after buying an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped 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 raised their price target on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank increased their price objective 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. Evercore ISI reissued an “in-line” rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research report on Tuesday, April 15th. Finally, UBS Group upped their price target on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.67.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following 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 SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Exelon Stock Up 0.8 %

NASDAQ:EXC opened at $46.85 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company’s fifty day moving average price is $44.88 and its 200-day moving average price is $41.14. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The firm has a market capitalization of $47.30 billion, a P/E ratio of 19.12, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the prior year, the company posted $0.60 EPS. As a group, equities research analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.42%. Exelon’s dividend payout ratio is presently 65.31%.

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.