Beech Hill Advisors Inc. acquired a new position in shares of Exelon Co. (NYSE:EXC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 46,650 shares of the energy giant’s stock, valued at approximately $2,254,000.
Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Exelon by 2.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 333,273 shares of the energy giant’s stock worth $16,100,000 after acquiring an additional 7,840 shares during the last quarter. Clear Street Markets LLC acquired a new position in shares of Exelon during the 3rd quarter worth approximately $256,000. Arvest Bank Trust Division increased its holdings in shares of Exelon by 40.4% during the 3rd quarter. Arvest Bank Trust Division now owns 7,631 shares of the energy giant’s stock worth $369,000 after acquiring an additional 2,197 shares during the last quarter. Zeke Capital Advisors LLC increased its holdings in shares of Exelon by 6.1% during the 3rd quarter. Zeke Capital Advisors LLC now owns 30,571 shares of the energy giant’s stock worth $1,477,000 after acquiring an additional 1,766 shares during the last quarter. Finally, Occidental Asset Management LLC increased its holdings in shares of Exelon by 25.4% during the 3rd quarter. Occidental Asset Management LLC now owns 20,300 shares of the energy giant’s stock worth $981,000 after acquiring an additional 4,115 shares during the last quarter. Institutional investors own 78.99% of the company’s stock.
Shares of NYSE EXC opened at $44.67 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The stock’s fifty day moving average price is $47.73 and its two-hundred day moving average price is $48.20. Exelon Co. has a one year low of $43.02 and a one year high of $51.18. The firm has a market cap of $43.40 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 4.50 and a beta of 0.26.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Exelon Co. will post 3.14 earnings per share for the current fiscal year.
EXC has been the topic of a number of recent analyst reports. Morgan Stanley raised Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Argus reissued a “buy” rating and set a $53.00 target price on shares of Exelon in a report on Wednesday, September 18th. SunTrust Banks decreased their target price on Exelon to $46.00 and set a “hold” rating on the stock in a report on Friday. UBS Group boosted their target price on Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Mizuho decreased their target price on Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.00.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.