Hudson Bay Capital Management LP Buys Shares of 292,213 Exelon Co. (NASDAQ:EXC)

Hudson Bay Capital Management LP acquired a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent 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.

Several other hedge funds have also recently modified their holdings of EXC. Gotham Asset Management LLC lifted its holdings in Exelon by 25.8% in the fourth quarter. Gotham Asset Management LLC now owns 169,181 shares of the company’s stock valued at $6,368,000 after acquiring an additional 34,669 shares during the period. Graham Capital Management L.P. raised its stake 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 last quarter. Focus Partners Wealth raised its stake in Exelon by 35.2% in 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 during the last quarter. Ethic Inc. grew its holdings in Exelon by 31.1% in the 4th quarter. Ethic Inc. now owns 246,593 shares of the company’s stock valued at $9,282,000 after buying an additional 58,517 shares in the last quarter. Finally, DC Investments Management LLC grew its holdings in Exelon by 73.4% in the 4th quarter. DC Investments Management LLC now owns 47,107 shares of the company’s stock valued at $1,773,000 after buying an additional 19,934 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI increased their price target on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Morgan Stanley increased their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Barclays raised their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Finally, Guggenheim increased their price target on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.22.

Exelon Stock Up 0.2%

Shares of NASDAQ:EXC opened at $45.21 on Monday. The stock has a 50-day simple moving average of $45.23 and a 200-day simple moving average of $41.45. The stock has a market capitalization of $45.64 billion, a P/E ratio of 18.45, a PEG 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.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the prior year, the company posted $0.68 EPS. Exelon’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.54%. Exelon’s payout ratio is currently 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.