Exelon Co. (NASDAQ:EXC) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its position in Exelon Co. (NASDAQ:EXC) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,782 shares of the company’s stock after buying an additional 4,423 shares during the period. Perigon Wealth Management LLC’s holdings in Exelon were worth $582,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EXC. Czech National Bank increased its position in shares of Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after buying an additional 14,158 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after purchasing an additional 321,333 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after buying an additional 123,466 shares in the last quarter. State Street Corp boosted its holdings in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Exelon by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after buying an additional 36,734 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Down 0.0 %

EXC stock opened at $40.00 on Friday. The firm has a market cap of $40.19 billion, a PE ratio of 16.46, a PEG ratio of 2.63 and a beta of 0.55. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm’s 50 day moving average price is $38.20 and its 200-day moving average price is $38.50.

Exelon (NASDAQ:EXC) last released 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. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. On average, equities research analysts anticipate that Exelon Co. will post 2.46 EPS for the current year.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. Barclays lowered their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Scotiabank upped their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley cut their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.13.

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.