Exelon Corporation $EXC Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in Exelon Corporation (NASDAQ:EXC) by 170.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,504,366 shares of the company’s stock after purchasing an additional 2,841,118 shares during the quarter. Allianz Asset Management GmbH’s holdings in Exelon were worth $202,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LRI Investments LLC increased its stake in Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 392 shares during the last quarter. Hager Investment Management Services LLC grew its holdings in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Exelon during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in Exelon during the 3rd quarter worth approximately $30,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Exelon in the third quarter valued at approximately $32,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley reissued an “underperform” rating and issued a $51.00 target price on shares of Exelon in a research note on Wednesday, January 21st. Evercore ISI began coverage on Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Royal Bank Of Canada assumed coverage on Exelon in a research report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price for the company. BTIG Research began coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group decreased their price target on Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $49.38.

Exelon Stock Performance

Exelon stock opened at $43.91 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average of $44.19 and a 200-day moving average of $44.81. The stock has a market cap of $44.36 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46. Exelon Corporation has a 52 week low of $39.67 and a 52 week high of $48.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. On average, analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

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.