Exelon Co. (NASDAQ:EXC) Shares Acquired by Allworth Financial LP

Allworth Financial LP grew its holdings in Exelon Co. (NASDAQ:EXC) by 1.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 20,801 shares of the company’s stock after buying an additional 311 shares during the quarter. Allworth Financial LP’s holdings in Exelon were worth $843,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC increased its position in Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares during the last quarter. Czech National Bank increased its position in Exelon by 8.8% during the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after purchasing an additional 15,389 shares during the last quarter. Sciencast Management LP acquired a new stake in Exelon during the first quarter worth about $1,461,000. Finally, Acadian Asset Management LLC acquired a new stake in Exelon during the first quarter worth about $681,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXC shares. Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Finally, UBS Group lifted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Stock Up 0.4 %

Shares of NASDAQ:EXC opened at $40.23 on Tuesday. The company has a market capitalization of $40.25 billion, a PE ratio of 16.56, a P/E/G ratio of 2.90 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The firm has a 50 day simple moving average of $39.55 and a 200-day simple moving average of $37.65.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, equities analysts predict that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.