Bollard Group LLC boosted its stake in Exelon Co. (NYSE:EXC) by 33.5% during the first quarter, Holdings Channel reports. The fund owned 30,395 shares of the energy giant’s stock after buying an additional 7,623 shares during the period. Bollard Group LLC’s holdings in Exelon were worth $1,094,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Exelon by 7.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 6,353 shares of the energy giant’s stock valued at $211,000 after buying an additional 467 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Exelon by 42.0% in the third quarter. CENTRAL TRUST Co now owns 19,649 shares of the energy giant’s stock valued at $654,000 after buying an additional 5,808 shares during the last quarter. Henderson Group PLC increased its position in shares of Exelon by 2.6% in the third quarter. Henderson Group PLC now owns 108,565 shares of the energy giant’s stock valued at $3,614,000 after buying an additional 2,721 shares during the last quarter. Regentatlantic Capital LLC increased its position in shares of Exelon by 50.5% in the third quarter. Regentatlantic Capital LLC now owns 145,207 shares of the energy giant’s stock valued at $4,834,000 after buying an additional 48,751 shares during the last quarter. Finally, Wagner Bowman Management Corp increased its position in shares of Exelon by 5.2% in the third quarter. Wagner Bowman Management Corp now owns 14,211 shares of the energy giant’s stock valued at $473,000 after buying an additional 700 shares during the last quarter. 75.83% of the stock is currently owned by institutional investors.
Shares of Exelon Co. (NYSE:EXC) traded down 1.27% during mid-day trading on Thursday, hitting $35.01. 2,996,063 shares of the stock were exchanged. The firm has a market cap of $32.44 billion, a P/E ratio of 28.70 and a beta of 0.26. The stock’s 50 day moving average is $35.97 and its 200 day moving average is $34.61. Exelon Co. has a 12 month low of $29.82 and a 12 month high of $37.70.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Wednesday, February 8th. The energy giant reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.01. The business 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%. Exelon’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Analysts expect that Exelon Co. will post $2.67 EPS for the current fiscal year.
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EXC has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.50 target price (up from $37.00) on shares of Exelon in a research note on Friday, December 23rd. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, December 28th. Royal Bank of Canada set a $40.00 target price on shares of Exelon and gave the stock a “buy” rating in a research note on Wednesday, January 4th. Credit Suisse Group AG initiated coverage on shares of Exelon in a research note on Wednesday, January 25th. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, Goldman Sachs Group Inc decreased their target price on shares of Exelon from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, February 10th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.54.
In other Exelon news, SVP Duane M. Desparte sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $35.82, for a total value of $179,100.00. Following the completion of the sale, the senior vice president now owns 9,914 shares of the company’s stock, valued at $355,119.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.
Exelon Company Profile
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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