Principal Financial Group Inc. Has $54.01 Million Holdings in Exelon Corporation $EXC

Principal Financial Group Inc. trimmed its position in shares of Exelon Corporation (NASDAQ:EXC) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,200,004 shares of the company’s stock after selling 43,295 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Exelon worth $54,012,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EXC. Caxton Associates LLP bought a new stake in shares of Exelon during the 1st quarter worth $286,000. Woodline Partners LP grew its position in Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after acquiring an additional 24,580 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Exelon by 1.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 25,546 shares of the company’s stock worth $1,109,000 after acquiring an additional 362 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Exelon by 12.1% in the second quarter. DAVENPORT & Co LLC now owns 6,733 shares of the company’s stock worth $292,000 after acquiring an additional 727 shares during the last quarter. Finally, SteelPeak Wealth LLC bought a new position in shares of Exelon in the second quarter worth about $1,129,000. 80.92% of the stock is owned by institutional investors.

Exelon Price Performance

EXC stock opened at $43.43 on Thursday. The company has a market capitalization of $43.88 billion, a P/E ratio of 15.57, a PEG ratio of 2.58 and a beta of 0.45. The company has a fifty day moving average price of $44.09 and a 200-day moving average price of $44.80. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a 52-week low of $40.65 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%. As a group, equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Barclays cut their target price on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. BTIG Research started coverage on shares of Exelon in a report on Tuesday, October 21st. They set a “neutral” rating for the company. Jefferies Financial Group dropped their price target on Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, Morgan Stanley reissued an “underperform” rating and set a $51.00 price objective on shares of Exelon in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.38.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.