Commerzbank Aktiengesellschaft FI boosted its stake in shares of Exelon Co. (NYSE:EXC) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,826 shares of the energy giant’s stock after purchasing an additional 1,102 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Exelon were worth $2,262,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its stake in Exelon by 60.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 15,008 shares of the energy giant’s stock valued at $719,000 after purchasing an additional 5,679 shares during the last quarter. Hilltop Holdings Inc. raised its stake in Exelon by 4.1% during the 2nd quarter. Hilltop Holdings Inc. now owns 10,890 shares of the energy giant’s stock valued at $522,000 after purchasing an additional 430 shares during the last quarter. First National Bank & Trust Co. of Newtown raised its stake in Exelon by 7.9% during the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 11,890 shares of the energy giant’s stock valued at $570,000 after purchasing an additional 870 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in Exelon during the 2nd quarter valued at $247,000. Finally, Boston Private Wealth LLC increased its holdings in Exelon by 12.4% in the 2nd quarter. Boston Private Wealth LLC now owns 4,799 shares of the energy giant’s stock valued at $230,000 after buying an additional 530 shares during the period. Hedge funds and other institutional investors own 78.99% of the company’s stock.
Shares of Exelon stock opened at $44.67 on Monday. The company’s fifty day moving average price is $47.73 and its two-hundred day moving average price is $48.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon Co. has a 52-week low of $43.02 and a 52-week high of $51.18. The firm has a market capitalization of $43.40 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts predict that Exelon Co. will post 3.14 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. Morgan Stanley raised shares of Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Mizuho lowered their price target 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. ValuEngine lowered shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Barclays reissued a “buy” rating and issued a $54.00 price target on shares of Exelon in a report on Thursday, September 26th. Finally, Argus reissued a “buy” rating and issued a $53.00 price target on shares of Exelon in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Exelon presently has an average rating of “Buy” and an average target price of $52.00.
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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