J. Safra Sarasin Holding AG increased its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,838 shares of the company’s stock after acquiring an additional 14,710 shares during the period. J. Safra Sarasin Holding AG’s holdings in Exelon were worth $3,098,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of EXC. Root Financial Partners LLC purchased a new stake in shares of Exelon in the third quarter worth approximately $30,000. Hager Investment Management Services LLC lifted its position in Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after buying an additional 335 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Exelon during the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Exelon during the 3rd quarter valued at $32,000. Finally, Motco increased its stake in shares of Exelon by 1,008.7% in the third quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after acquiring an additional 696 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Up 0.6%
EXC opened at $44.83 on Wednesday. The firm has a market cap of $45.29 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The business has a 50 day moving average price of $44.29 and a 200 day moving average price of $44.77. Exelon Corporation has a twelve month low of $39.47 and a twelve month high of $48.51.
Analyst Upgrades and Downgrades
EXC has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Barclays reduced their price target on Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. TD Cowen began coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective on the stock. UBS Group cut their price objective on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada began coverage on shares of Exelon in a research report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price for the company. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.38.
View Our Latest Report on Exelon
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.
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