Smith Group Asset Management LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,000 shares of the company’s stock, valued at approximately $414,000.
Other large investors have also recently made changes to their positions in the company. American National Bank & Trust grew its holdings in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Exelon in the 3rd quarter worth $32,000. Versant Capital Management Inc raised its holdings in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Exelon during the second quarter worth about $57,000. Finally, UMB Bank n.a. grew its position in Exelon by 92.7% in the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after purchasing an additional 735 shares in the last quarter. 80.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on EXC shares. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays cut their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Scotiabank increased their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average target price of $43.13.
Exelon Stock Performance
Shares of EXC stock opened at $39.57 on Thursday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.19. The stock has a market capitalization of $39.76 billion, a P/E ratio of 16.28, a PEG ratio of 2.61 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average is $38.16 and its 200 day moving average is $38.49.
Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Exelon Co. will post 2.46 earnings per share for the current year.
About Exelon
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.
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