Valeo Financial Advisors LLC cut its stake in shares of Exelon Co. (NYSE:EXC) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,999 shares of the energy giant’s stock after selling 360 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Exelon were worth $137,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. United Asset Strategies Inc. lifted its holdings in Exelon by 4.0% during the 3rd quarter. United Asset Strategies Inc. now owns 6,945 shares of the energy giant’s stock valued at $336,000 after purchasing an additional 265 shares during the last quarter. Tiedemann Advisors LLC increased its holdings 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. bought a new position in shares of Exelon in the third quarter valued at approximately $338,000. Nomura Holdings Inc. boosted its holdings in shares of Exelon by 109.3% in the 3rd quarter. Nomura Holdings Inc. now owns 606,500 shares of the energy giant’s stock worth $29,104,000 after acquiring an additional 316,672 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Exelon by 19,818.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 537,793 shares of the energy giant’s stock worth $25,981,000 after acquiring an additional 535,093 shares in the last quarter. 78.99% of the stock is owned by institutional investors.
NYSE:EXC opened at $47.73 on Monday. The company has a market cap of $46.40 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 4.50 and a beta of 0.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The stock’s fifty day moving average price is $45.70 and its two-hundred day moving average price is $46.19. Exelon Co. has a 52-week low of $43.42 and a 52-week high of $51.18.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.70 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. Exelon’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts predict that Exelon Co. will post 3.14 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Wells Fargo & Co set a $54.00 price target on Exelon and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho decreased their target price on Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Wolfe Research set a $55.00 target price on Exelon and gave the company a “buy” rating in a research note on Friday, November 1st. Credit Suisse Group reduced their price target on shares of Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, SunTrust Banks decreased their price objective on shares of Exelon to $46.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $52.36.
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.
Featured Story: What member countries make up the G-20?
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.