DAVENPORT & Co LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,644 shares of the company’s stock after acquiring an additional 660 shares during the period. DAVENPORT & Co LLC’s holdings in Exelon were worth $281,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Summit X LLC bought a new position in Exelon during the third quarter valued at approximately $29,000. Advisory Alpha LLC bought a new position in shares of Exelon in the third quarter worth approximately $29,000. Fortis Group Advisors LLC bought a new position in shares of Exelon in the third quarter worth approximately $29,000. Mirova bought a new position in shares of Exelon in the third quarter worth approximately $31,000. Finally, Kistler Tiffany Companies LLC grew its holdings in shares of Exelon by 88.1% in the third quarter. Kistler Tiffany Companies LLC now owns 918 shares of the company’s stock worth $33,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 65.06% of the company’s stock.
Shares of Exelon stock opened at $42.80 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $41.75 billion, a P/E ratio of 17.61, a P/E/G ratio of 4.22 and a beta of 0.41. The business has a fifty day simple moving average of $42.06 and a two-hundred day simple moving average of $41.41. Exelon Co. has a 12 month low of $29.28 and a 12 month high of $50.54.
Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.87 by $0.17. The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.62 billion. Exelon had a return on equity of 9.24% and a net margin of 7.15%. Analysts predict that Exelon Co. will post 3.1 earnings per share for the current year.
Several research analysts have recently issued reports on EXC shares. Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Tuesday, October 6th. Argus raised their target price on shares of Exelon from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, December 11th. Morgan Stanley cut their target price on shares of Exelon from $59.00 to $56.00 and set an “overweight” rating on the stock in a report on Tuesday, December 15th. BidaskClub upgraded shares of Exelon from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Credit Suisse Group lifted their price target on shares of Exelon from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Exelon presently has a consensus rating of “Buy” and an average price target of $45.29.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the generation and marketing of energy in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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.
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