Exelon Corporation $EXC Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 38.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,236 shares of the company’s stock after purchasing an additional 25,529 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Exelon were worth $4,151,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. ATLAS Infrastructure Partners UK Ltd. increased its stake in shares of Exelon by 3.6% in the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock worth $260,685,000 after acquiring an additional 208,242 shares during the last quarter. Maryland State Retirement & Pension System increased its position in Exelon by 3.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 987,350 shares of the company’s stock worth $44,441,000 after purchasing an additional 28,443 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Exelon during the 3rd quarter worth about $10,875,000. Exchange Traded Concepts LLC raised its stake in shares of Exelon by 92.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock worth $2,418,000 after purchasing an additional 25,863 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Exelon by 13.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,573,635 shares of the company’s stock valued at $115,839,000 after buying an additional 309,853 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EXC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Barclays reduced their price objective on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada assumed coverage on shares of Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price on the stock. Jefferies Financial Group reduced their price target on Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, TD Cowen initiated coverage on Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $49.38.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $44.33 on Friday. The company has a market cap of $44.79 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 2.59 and a beta of 0.45. The business has a 50 day moving average price of $43.98 and a 200 day moving average price of $44.80. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $40.81 and a twelve month high of $48.51.

Exelon Profile

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.