IFM Investors Pty Ltd increased its holdings in shares of Exelon Co. (NYSE:EXC) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,166 shares of the energy giant’s stock after purchasing an additional 5,117 shares during the period. IFM Investors Pty Ltd’s holdings in Exelon were worth $2,488,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OLD Second National Bank of Aurora lifted its position in Exelon by 6.6% during the fourth quarter. OLD Second National Bank of Aurora now owns 4,513 shares of the energy giant’s stock valued at $204,000 after acquiring an additional 280 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Exelon by 4.8% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 6,773 shares of the energy giant’s stock valued at $305,000 after acquiring an additional 310 shares during the last quarter. Griffin Asset Management Inc. lifted its position in Exelon by 1.6% during the third quarter. Griffin Asset Management Inc. now owns 23,785 shares of the energy giant’s stock valued at $1,038,000 after acquiring an additional 385 shares during the last quarter. Vestor Capital LLC lifted its position in Exelon by 35.0% during the third quarter. Vestor Capital LLC now owns 1,670 shares of the energy giant’s stock valued at $73,000 after acquiring an additional 433 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its position in Exelon by 0.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 81,800 shares of the energy giant’s stock valued at $3,571,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.
Shares of Exelon stock traded up $0.63 during trading on Wednesday, hitting $46.88. 256,984 shares of the company’s stock were exchanged, compared to its average volume of 4,526,645. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon Co. has a 52-week low of $35.57 and a 52-week high of $47.40. The stock has a market cap of $44.56 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 3.20 and a beta of 0.32.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Exelon Co. will post 3.12 EPS for the current year.
A number of equities research analysts recently commented on EXC shares. Morgan Stanley decreased their target price on shares of Exelon from $48.00 to $47.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $48.00 price target on shares of Exelon in a report on Monday, December 3rd. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, December 7th. Barclays raised their price target on shares of Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of Exelon in a report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Exelon presently has an average rating of “Hold” and a consensus target price of $46.39.
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Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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