Calamos Advisors LLC reduced its stake in shares of Exelon Co. (NYSE:EXC) by 58.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 308,859 shares of the energy giant’s stock after selling 427,382 shares during the quarter. Calamos Advisors LLC’s holdings in Exelon were worth $14,081,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of EXC. Kempen Capital Management N.V. purchased a new position in Exelon during the 2nd quarter valued at $27,000. Atwater Malick LLC purchased a new position in Exelon during the 3rd quarter valued at $27,000. Asset Dedication LLC increased its position in Exelon by 117.6% during the 3rd quarter. Asset Dedication LLC now owns 555 shares of the energy giant’s stock valued at $27,000 after purchasing an additional 300 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Exelon during the 4th quarter valued at $27,000. Finally, Bartlett & Co. LLC increased its position in Exelon by 77.5% during the 3rd quarter. Bartlett & Co. LLC now owns 678 shares of the energy giant’s stock valued at $33,000 after purchasing an additional 296 shares during the period. 78.99% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on EXC shares. Credit Suisse Group reduced their price objective 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. SunTrust Banks dropped their target price on shares of 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 target price on shares of Exelon and gave the company a “buy” rating in a report on Friday, November 1st. Argus restated a “buy” rating and set a $53.00 target price on shares of Exelon in a report on Wednesday, September 18th. Finally, Mizuho dropped their target price on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.25.
Shares of EXC stock 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 stock has a market cap of $45.17 billion, a PE ratio of 14.92, a price-to-earnings-growth 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. The company’s fifty day moving average price is $45.14 and its 200-day moving average price is $46.23.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, October 31st. The energy giant reported $0.92 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts forecast that Exelon Co. will post 3.14 earnings per share for the current fiscal year.
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.
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