Exelon Corporation $EXC Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 170.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,504,366 shares of the company’s stock after acquiring an additional 2,841,118 shares during the period. Allianz Asset Management GmbH owned 0.45% of Exelon worth $202,742,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EXC. Atlantic Union Bankshares Corp increased its position in Exelon by 227.1% during the third quarter. Atlantic Union Bankshares Corp now owns 4,616 shares of the company’s stock worth $208,000 after buying an additional 3,205 shares during the period. Jones Financial Companies Lllp increased its stake in Exelon by 51.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 29,438 shares of the company’s stock valued at $1,298,000 after buying an additional 10,015 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of Exelon by 16.3% in the 3rd quarter. Convergence Investment Partners LLC now owns 26,093 shares of the company’s stock worth $1,174,000 after acquiring an additional 3,662 shares during the period. Carrera Capital Advisors acquired a new stake in Exelon in the third quarter valued at about $202,000. Finally, Mutual Advisors LLC lifted its holdings in shares of Exelon by 49.8% in the 3rd quarter. Mutual Advisors LLC now owns 7,260 shares of the company’s stock valued at $346,000 after buying an additional 2,412 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, December 12th. KeyCorp set a $39.00 target price on shares of Exelon in a research report on Friday, December 12th. BTIG Research began coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Royal Bank Of Canada started coverage on Exelon in a research note on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 price objective for the company. Finally, Morgan Stanley reiterated an “underperform” rating and set a $51.00 target price on shares of Exelon in a research report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.38.

Exelon Stock Performance

Exelon stock opened at $43.91 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a fifty-two week low of $39.67 and a fifty-two week high of $48.51. The stock has a fifty day moving average of $44.19 and a two-hundred day moving average of $44.81. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.62 and a beta of 0.46.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. On average, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.