GAMMA Investing LLC Invests $255,000 in Exelon Co. (NASDAQ:EXC)

GAMMA Investing LLC acquired a new stake in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,312 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in Exelon by 118.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 315,298 shares of the company’s stock valued at $11,319,000 after acquiring an additional 170,941 shares during the period. Aspire Private Capital LLC acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $119,000. Significant Wealth Partners LLC acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $376,000. Diversified LLC lifted its holdings in Exelon by 24.4% during the 4th quarter. Diversified LLC now owns 8,537 shares of the company’s stock worth $306,000 after purchasing an additional 1,674 shares during the last quarter. Finally, Duality Advisers LP lifted its stake in shares of Exelon by 225.3% in the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $37.66 on Friday. The company has a market capitalization of $37.64 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.75 and a beta of 0.54. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.54. The firm’s 50-day moving average is $36.69 and its 200 day moving average is $37.11. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts predict that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.04%. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. Exelon’s dividend payout ratio (DPR) is 65.24%.

Analyst Ratings Changes

EXC has been the topic of several recent analyst reports. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $39.00 in a research note on Wednesday, January 10th. Bank of America cut their target price on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, UBS Group cut shares of Exelon from a “buy” rating to a “neutral” rating and lowered their target price for the company from $47.00 to $37.00 in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.92.

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.