Tidal Investments LLC Has $1.97 Million Holdings in Exelon Co. (NASDAQ:EXC)

Tidal Investments LLC grew its holdings in shares of Exelon Co. (NASDAQ:EXC) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 52,422 shares of the company’s stock after acquiring an additional 7,964 shares during the quarter. Tidal Investments LLC’s holdings in Exelon were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $28,000. Stephens Consulting LLC boosted its position in shares of Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon during the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after acquiring an additional 513 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXC. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. KeyCorp lowered shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. UBS Group increased their price target on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Guggenheim upped their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.30.

Exelon Trading Up 0.6%

NASDAQ EXC opened at $43.67 on Friday. 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 twelve month low of $34.01 and a twelve month high of $48.11. The company has a market cap of $44.09 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The business’s fifty day moving average is $45.25 and its 200 day moving average is $41.73.

Exelon (NASDAQ:EXC) last released its quarterly earnings results 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 firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, May 12th. 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.