ProShare Advisors LLC Decreases Stock Position in Exelon Corporation $EXC

ProShare Advisors LLC decreased its stake in shares of Exelon Corporation (NASDAQ:EXC) by 17.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,381,659 shares of the company’s stock after selling 291,224 shares during the period. ProShare Advisors LLC’s holdings in Exelon were worth $62,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. LRI Investments LLC grew its position in shares of Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after buying an additional 392 shares in the last quarter. Root Financial Partners LLC acquired a new position in Exelon during the 3rd quarter worth approximately $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Exelon in the 2nd quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Exelon in the 3rd quarter valued at approximately $32,000. Finally, Motco raised its holdings in shares of Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after purchasing an additional 696 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $43.97 on Tuesday. Exelon Corporation has a one year low of $40.81 and a one year high of $48.51. The stock has a market capitalization of $44.42 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.60 and a beta of 0.45. The company has a 50-day simple moving average of $43.95 and a 200-day simple moving average of $44.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Morgan Stanley restated an “underperform” rating and issued a $51.00 target price on shares of Exelon in a report on Wednesday, January 21st. TD Cowen began coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Finally, KeyCorp set a $39.00 target price on Exelon in a research report on Friday, December 12th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.38.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.