CT Financial Advisors LLC boosted its position in shares of Exelon Co. (NYSE:EXC) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,131 shares of the energy giant’s stock after buying an additional 12 shares during the period. CT Financial Advisors LLC’s holdings in Exelon were worth $149,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EXC. State Street Corp raised its position in shares of Exelon by 0.5% in the fourth quarter. State Street Corp now owns 55,922,259 shares of the energy giant’s stock worth $1,984,678,000 after buying an additional 298,425 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Exelon by 13.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 41,934,992 shares of the energy giant’s stock worth $1,396,016,000 after buying an additional 5,128,151 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Exelon by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 25,549,379 shares of the energy giant’s stock worth $850,539,000 after buying an additional 416,805 shares during the last quarter. LSV Asset Management increased its stake in shares of Exelon by 1.6% in the third quarter. LSV Asset Management now owns 10,088,215 shares of the energy giant’s stock worth $335,836,000 after buying an additional 155,600 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Exelon by 0.5% in the third quarter. BlackRock Group LTD now owns 8,887,926 shares of the energy giant’s stock worth $295,878,000 after buying an additional 41,947 shares during the last quarter. 75.83% of the stock is currently owned by institutional investors and hedge funds.
Exelon Co. (NYSE:EXC) traded up 0.100% on Friday, hitting $35.085. The stock had a trading volume of 2,848,469 shares. The company’s 50-day moving average price is $35.94 and its 200 day moving average price is $34.61. Exelon Co. has a one year low of $29.82 and a one year high of $37.70. The firm has a market cap of $32.51 billion, a price-to-earnings ratio of 28.758 and a beta of 0.26.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, February 8th. The energy giant reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. The company earned $8.05 billion during the quarter, compared to analyst estimates of $7.91 billion. Exelon had a return on equity of 9.24% and a net margin of 3.59%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Analysts expect that Exelon Co. will post $2.67 earnings per share for the current year.
EXC has been the topic of a number of recent research reports. Goldman Sachs Group Inc lowered their target price on Exelon from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, February 10th. Jefferies Group LLC restated a “buy” rating and issued a $39.50 target price (up previously from $37.00) on shares of Exelon in a research note on Friday, December 23rd. Credit Suisse Group AG started coverage on Exelon in a research report on Wednesday, January 25th. They set an “outperform” rating and a $39.00 price target on the stock. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday, January 9th. Finally, Wells Fargo & Co downgraded Exelon from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.54.
In other news, SVP Duane M. Desparte sold 5,000 shares of Exelon stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $35.82, for a total transaction of $179,100.00. Following the sale, the senior vice president now directly owns 9,914 shares in the company, valued at approximately $355,119.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by insiders.
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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