Allworth Financial LP lifted its stake in shares of Exelon Co. (NYSE:EXC) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,776 shares of the energy giant’s stock after buying an additional 281 shares during the quarter. Allworth Financial LP’s holdings in Exelon were worth $127,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Hilltop Holdings Inc. grew its position 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 in the last quarter. United Asset Strategies Inc. grew its position 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 in the last quarter. Tiedemann Advisors LLC grew its position 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 in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Exelon during the third quarter worth about $338,000. Finally, Nomura Holdings Inc. grew its position 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 in the last quarter. 78.99% of the stock is owned by institutional investors and hedge funds.
Shares of EXC opened at $46.74 on Friday. The stock has a 50 day moving average price of $45.19 and a 200 day moving average price of $46.23. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $45.17 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. Exelon Co. has a 52-week low of $43.42 and a 52-week high of $51.18.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.03. The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.70 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. On average, equities analysts anticipate that Exelon Co. will post 3.14 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Mizuho lowered their price objective on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Credit Suisse Group lowered their price objective on Exelon from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Wells Fargo & Co set a $54.00 price objective on Exelon and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research set a $55.00 price target on Exelon and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Barclays reaffirmed a “buy” rating and issued a $54.00 price target on shares of Exelon in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $52.25.
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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