Quent Capital LLC Increases Position in Exelon Co. (NASDAQ:EXC)

Quent Capital LLC grew its stake in Exelon Co. (NASDAQ:EXC) by 27.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,599 shares of the company’s stock after acquiring an additional 979 shares during the quarter. Quent Capital LLC’s holdings in Exelon were worth $173,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EXC. Stephens Consulting LLC grew its stake in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in Exelon during the 4th quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in Exelon during the 3rd quarter worth $32,000. Crews Bank & Trust purchased a new position in Exelon during the 4th quarter worth $34,000. Finally, Versant Capital Management Inc lifted its position in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Barclays lowered their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.13.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Exelon Stock Performance

Shares of EXC stock opened at $42.89 on Thursday. The stock has a market cap of $43.10 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.74 and a beta of 0.56. The business has a 50-day simple moving average of $38.52 and a 200-day simple moving average of $38.82. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52-week low of $33.50 and a 52-week high of $43.09.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.47% and a net margin of 10.60%. During the same period in the previous year, the business posted $0.60 earnings per share. On average, equities analysts expect that Exelon Co. will post 2.46 EPS for the current year.

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.