Measured Wealth Private Client Group LLC trimmed its position in Exelon Co. (NYSE:EXC) by 35.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,629 shares of the energy giant’s stock after selling 2,551 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Exelon were worth $224,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of EXC. ETRADE Capital Management LLC lifted its holdings in Exelon by 60.9% in the second quarter. ETRADE Capital Management LLC now owns 15,008 shares of the energy giant’s stock valued at $719,000 after acquiring an additional 5,679 shares during the period. Hilltop Holdings Inc. lifted its holdings in Exelon by 4.1% in the second quarter. Hilltop Holdings Inc. now owns 10,890 shares of the energy giant’s stock valued at $522,000 after acquiring an additional 430 shares during the period. First National Bank & Trust Co. of Newtown lifted its holdings in Exelon by 7.9% in the second quarter. First National Bank & Trust Co. of Newtown now owns 11,890 shares of the energy giant’s stock valued at $570,000 after acquiring an additional 870 shares during the period. Capital Investment Advisors LLC acquired a new stake in Exelon in the second quarter valued at $247,000. Finally, USS Investment Management Ltd lifted its holdings in Exelon by 247.6% in the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock valued at $44,020,000 after acquiring an additional 625,681 shares during the period. Hedge funds and other institutional investors own 78.99% of the company’s stock.
A number of equities research analysts have commented on the company. UBS Group raised their target price on Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 6th. ValuEngine downgraded Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Argus reissued a “buy” rating and issued a $53.00 target price on shares of Exelon in a report on Wednesday, September 18th. Morgan Stanley raised Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Finally, Barclays reaffirmed a “buy” rating and set a $54.00 price target on shares of Exelon in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $52.29.
Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. As a group, equities analysts anticipate that Exelon Co. will post 3.14 earnings per share for the current 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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