Avantra Family Wealth Inc. Purchases Shares of 9,037 Exelon Co. (NASDAQ:EXC)

Avantra Family Wealth Inc. purchased a new stake in Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,037 shares of the company’s stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Exelon in the 3rd quarter valued at $32,000. Crews Bank & Trust acquired a new stake in Exelon in the 4th quarter valued at $34,000. Versant Capital Management Inc increased its stake in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after buying an additional 379 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Exelon by 92.7% during the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after purchasing an additional 735 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Exelon by 63.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,598 shares of the company’s stock worth $65,000 after purchasing an additional 620 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays decreased their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Stock Performance

Shares of Exelon stock opened at $40.00 on Friday. The company has a 50 day moving average of $38.22 and a 200-day moving average of $38.56. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The company has a market cap of $40.19 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.