SIR Capital Management L.P. Has $16.37 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

SIR Capital Management L.P. boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 52.2% during the 4th quarter, HoldingsChannel reports. The fund owned 435,014 shares of the company’s stock after buying an additional 149,200 shares during the quarter. Exelon makes up approximately 1.7% of SIR Capital Management L.P.’s investment portfolio, making the stock its 21st biggest holding. SIR Capital Management L.P.’s holdings in Exelon were worth $16,374,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of Exelon in the 4th quarter valued at $28,000. Stephens Consulting LLC boosted its position in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon during the fourth quarter worth about $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon during the fourth quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Exelon by 119.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $43.43 on Friday. The firm has a market capitalization of $43.84 billion, a P/E ratio of 17.73, a PEG ratio of 2.86 and a beta of 0.43. The business has a 50-day moving average of $45.22 and a 200-day moving average of $41.51. 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.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate 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. 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 3.68%. The ex-dividend date is Monday, May 12th. Exelon’s dividend payout ratio is currently 59.48%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EXC shares. Barclays boosted 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. UBS Group upped their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. 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 report on Thursday, March 20th. Finally, Guggenheim raised their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.30.

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.