BKD Wealth Advisors LLC Increases Position in Exelon Co. (EXC)
BKD Wealth Advisors LLC lifted its position in shares of Exelon Co. (NYSE:EXC) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,694 shares of the energy giant’s stock after buying an additional 1,354 shares during the period. BKD Wealth Advisors LLC’s holdings in Exelon were worth $461,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Andra AP fonden raised its holdings in shares of Exelon by 7.8% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after buying an additional 11,600 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exelon by 2.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,544 shares of the energy giant’s stock valued at $20,513,000 after buying an additional 10,516 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Exelon by 6.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock valued at $48,609,000 after buying an additional 80,586 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Exelon by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock valued at $52,426,000 after buying an additional 283,664 shares in the last quarter. Finally, Prudential PLC raised its holdings in shares of Exelon by 44.3% during the 2nd quarter. Prudential PLC now owns 421,527 shares of the energy giant’s stock valued at $15,204,000 after buying an additional 129,368 shares in the last quarter. 77.27% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Exelon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Bank of America assumed coverage on Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective on the stock. SunTrust Banks reissued a “buy” rating and set a $41.00 price objective on shares of Exelon in a report on Thursday, October 12th. JPMorgan Chase & Co. lifted their price target on Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Exelon presently has a consensus rating of “Buy” and an average price target of $40.53.
In other news, Chairman Mayo A. Shattuck III sold 567,070 shares of Exelon stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.12, for a total value of $22,750,848.40. Following the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,969,078.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.62, for a total value of $541,627.08. Following the completion of the sale, the executive vice president now owns 26,435 shares in the company, valued at $1,073,789.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,287,788 shares of company stock worth $51,778,749. Corporate insiders own 0.70% of the company’s stock.
Exelon Co. (NYSE:EXC) opened at $38.59 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. The company has a market capitalization of $37,080.00, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.10 and a beta of 0.30. Exelon Co. has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. Exelon’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. equities analysts predict that Exelon Co. will post 2.66 earnings per share for the current fiscal year.
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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