Archford Capital Strategies LLC lifted its stake in shares of Exelon Co. (NYSE:EXC) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,862 shares of the energy giant’s stock after purchasing an additional 400 shares during the period. Archford Capital Strategies LLC’s holdings in Exelon were worth $313,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in EXC. Hilltop Holdings Inc. raised its stake in shares of Exelon by 4.1% during the second quarter. Hilltop Holdings Inc. now owns 10,890 shares of the energy giant’s stock worth $522,000 after buying an additional 430 shares during the last quarter. United Asset Strategies Inc. raised its stake in shares of Exelon by 4.0% during the third quarter. United Asset Strategies Inc. now owns 6,945 shares of the energy giant’s stock worth $336,000 after buying an additional 265 shares during the last quarter. Tiedemann Advisors LLC raised its stake in shares of Exelon by 18.3% during the third quarter. Tiedemann Advisors LLC now owns 318,826 shares of the energy giant’s stock worth $15,402,000 after buying an additional 49,231 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Exelon during the third quarter worth approximately $338,000. Finally, Nomura Holdings Inc. raised its stake in shares of Exelon by 109.3% during the third quarter. Nomura Holdings Inc. now owns 606,500 shares of the energy giant’s stock worth $29,104,000 after buying an additional 316,672 shares during the last quarter. Institutional investors own 78.99% of the company’s stock.
A number of research firms recently weighed in on EXC. Wells Fargo & Co set a $54.00 price target on shares of Exelon and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays reaffirmed a “buy” rating and issued a $54.00 target price on shares of Exelon in a research note on Thursday, September 26th. Mizuho reduced their price target on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. SunTrust Banks reduced their price target on shares of Exelon to $46.00 and set a “hold” rating for the company in a report on Friday, October 18th. Finally, Wolfe Research set a $55.00 price target on shares of Exelon and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Exelon has an average rating of “Buy” and an average price target of $52.25.
Shares of EXC opened at $46.55 on Thursday. Exelon Co. has a 12 month low of $43.42 and a 12 month high of $51.18. The firm has a fifty day simple moving average of $45.14 and a 200 day simple moving average of $46.23. The stock has a market capitalization of $45.17 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 4.50 and a beta of 0.26. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, October 31st. The energy giant reported $0.92 EPS for the quarter, topping the Thomson Reuters’ 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 prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts predict that Exelon Co. will post 3.14 earnings per share for the current fiscal year.
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.
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