Tobam Has $1.27 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Tobam lifted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 1,079.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,619 shares of the company’s stock after purchasing an additional 25,278 shares during the quarter. Tobam’s holdings in Exelon were worth $1,273,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in shares of Exelon during the 4th quarter worth $25,000. Millstone Evans Group LLC acquired a new position in shares of Exelon during the 4th quarter worth $28,000. Capital Advisors Ltd. LLC grew its stake in 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 buying an additional 513 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Exelon in the 4th quarter worth $36,000. Finally, Stonebridge Financial Group LLC acquired a new position in Exelon during the 4th quarter worth $40,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Guggenheim lifted their price target on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. BMO Capital Markets upped their price target on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. Finally, KeyCorp lowered Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target for the company. in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $47.40.

Exelon Stock Performance

EXC opened at $43.64 on Friday. The stock has a market cap of $44.06 billion, a PE ratio of 17.81, a P/E/G ratio of 2.86 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The stock’s 50 day simple moving average is $44.81 and its 200-day simple moving average is $42.17.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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. The business had revenue of $6.71 billion for 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%. Exelon’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. Sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, May 12th. Exelon’s dividend payout ratio is presently 59.48%.

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.