Alps Advisors Inc. Acquires 32,199 Shares of Exelon Corporation $EXC

Alps Advisors Inc. increased its stake in Exelon Corporation (NASDAQ:EXC) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 585,599 shares of the company’s stock after purchasing an additional 32,199 shares during the quarter. Alps Advisors Inc. owned approximately 0.06% of Exelon worth $26,358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Exelon during the 2nd quarter valued at approximately $589,122,000. Canada Pension Plan Investment Board grew its holdings in Exelon by 164.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after buying an additional 3,476,942 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Exelon by 170.8% during the third quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock valued at $202,742,000 after buying an additional 2,841,118 shares during the last quarter. State Street Corp raised its position in shares of Exelon by 4.0% during the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after buying an additional 2,491,064 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Exelon by 1.6% in the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after buying an additional 2,075,014 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

EXC stock opened at $44.33 on Friday. Exelon Corporation has a one year low of $40.81 and a one year high of $48.51. The firm 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 company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The firm has a 50-day simple moving average of $43.98 and a two-hundred day simple moving average of $44.80.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EXC shares. Wells Fargo & Company cut their price objective on Exelon from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. KeyCorp set a $39.00 target price on shares of Exelon in a report on Friday, December 12th. BTIG Research assumed coverage on Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. UBS Group reduced their price objective on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada initiated coverage on Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.38.

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.