Wedbush Securities Inc. raised its position in shares of Exelon Co. (NYSE:EXC) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,910 shares of the energy giant’s stock after acquiring an additional 592 shares during the period. Wedbush Securities Inc.’s holdings in Exelon were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Exelon by 2.1% in the 2nd quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock worth $3,537,307,000 after acquiring an additional 1,551,062 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Exelon by 2.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,178,038 shares of the energy giant’s stock valued at $491,701,000 after buying an additional 233,034 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Exelon by 6.9% during the third quarter. California Public Employees Retirement System now owns 7,326,381 shares of the energy giant’s stock valued at $353,937,000 after buying an additional 471,440 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Exelon by 8.9% during the third quarter. Pictet Asset Management Ltd. now owns 6,877,794 shares of the energy giant’s stock valued at $332,266,000 after buying an additional 562,591 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Exelon by 16,120.7% during the second quarter. Nuveen Asset Management LLC now owns 5,935,141 shares of the energy giant’s stock valued at $284,531,000 after buying an additional 5,898,551 shares during the last quarter. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
Exelon stock opened at $47.73 on Monday. The company has a fifty day simple moving average of $45.70 and a 200 day simple moving average of $46.19. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. The company has a market cap of $46.40 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. Exelon Co. has a 1-year low of $43.42 and a 1-year high of $51.18.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The business’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 3.14 EPS for the current year.
EXC has been the topic of a number of recent analyst reports. Mizuho cut their price target on Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. SunTrust Banks dropped their target price on Exelon to $46.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Wells Fargo & Co set a $54.00 price target on shares of Exelon and gave the stock a “buy” rating in a research report on Friday, November 1st. Credit Suisse Group decreased their price target on shares of Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, Wolfe Research set a $55.00 price target on shares of Exelon and gave the stock a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.36.
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.
