Zimmer Partners LP Sells 141,000 Shares of Exelon Co. (NASDAQ:EXC)

Zimmer Partners LP cut its position in shares of Exelon Co. (NASDAQ:EXC) by 36.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after selling 141,000 shares during the period. Zimmer Partners LP’s holdings in Exelon were worth $9,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Millstone Evans Group LLC purchased a new position in shares of Exelon in the 4th quarter valued at $28,000. Stephens Consulting LLC increased its holdings in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon in the 4th quarter valued at $30,000. Crews Bank & Trust purchased a new position in shares of Exelon in the 4th quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Exelon by 119.6% in 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of analyst reports. Barclays lifted their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Guggenheim boosted their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. KeyCorp downgraded Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price on the stock. in a research note on Wednesday, May 14th. Morgan Stanley boosted their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.30.

Exelon Stock Performance

Shares of EXC stock opened at $44.39 on Tuesday. The stock has a market cap of $44.81 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The business has a 50-day simple moving average of $45.26 and a 200-day simple moving average of $41.62. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, equities analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 3.60%. Exelon’s payout ratio is 59.48%.

About Exelon

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.