Pacer Advisors Inc. Buys 45,359 Shares of Exelon Co. (NASDAQ:EXC)

Pacer Advisors Inc. boosted its stake in Exelon Co. (NASDAQ:EXC) by 36.7% during the 4th quarter, HoldingsChannel reports. The fund owned 168,897 shares of the company’s stock after acquiring an additional 45,359 shares during the quarter. Pacer Advisors Inc.’s holdings in Exelon were worth $6,357,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. American National Bank & Trust increased its position in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the 3rd quarter worth approximately $32,000. Versant Capital Management Inc increased its holdings in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Exelon in the 2nd quarter valued at $57,000. Finally, UMB Bank n.a. raised its stake in Exelon by 92.7% in the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after acquiring an additional 735 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Exelon Stock Performance

NASDAQ:EXC opened at $39.57 on Thursday. The company has a market cap of $39.76 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.61 and a beta of 0.55. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week 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 stock has a fifty day moving average price of $38.16 and a 200-day moving average price of $38.49.

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

About Exelon

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.