Atria Investments LLC boosted its holdings in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,713 shares of the company’s stock after purchasing an additional 1,564 shares during the quarter. Atria Investments LLC’s holdings in Exelon were worth $1,034,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Landmark Wealth Management LLC bought a new position in Exelon during the first quarter valued at $26,000. Elmwood Wealth Management Inc. bought a new position in Exelon during the fourth quarter valued at $30,000. Curi Wealth Management LLC bought a new position in Exelon during the fourth quarter valued at $33,000. Addison Advisors LLC increased its position in Exelon by 251.8% during the first quarter. Addison Advisors LLC now owns 598 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares during the last quarter. Finally, Missouri Trust & Investment Co bought a new position in Exelon during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 80.35% of the company’s stock.
Analyst Upgrades and Downgrades
EXC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Exelon from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $55.00 in a research report on Wednesday, April 20th. KeyCorp cut their price target on shares of Exelon from $53.00 to $45.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. UBS Group cut their price target on shares of Exelon from $54.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Argus upped their price target on shares of Exelon from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Finally, Barclays cut their price target on shares of Exelon from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.54.
Exelon Stock Down 0.5 %
Exelon (NASDAQ:EXC – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Exelon had a net margin of 8.15% and a return on equity of 10.87%. During the same period in the previous year, the company posted ($0.06) earnings per share. As a group, research analysts expect that Exelon Co. will post 2.28 earnings per share for the current fiscal year.
Insider Buying and Selling at Exelon
In related news, CEO John Tyler Anthony sold 4,451 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $47.49, for a total value of $211,377.99. Following the completion of the transaction, the chief executive officer now directly owns 974 shares of the company’s stock, valued at approximately $46,255.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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