SVB Wealth LLC Takes $723,000 Position in Exelon Corporation $EXC

SVB Wealth LLC bought a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,060 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sowell Financial Services LLC grew its stake in shares of Exelon by 1.1% in the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock worth $923,000 after acquiring an additional 215 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Exelon by 11.6% in the 2nd quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after buying an additional 225 shares during the period. Empirical Finance LLC grew its position in shares of Exelon by 0.7% during the second quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after buying an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its stake in shares of Exelon by 4.8% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after buying an additional 229 shares during the period. Finally, Gateway Investment Advisers LLC lifted its stake in Exelon by 5.0% in the third quarter. Gateway Investment Advisers LLC now owns 4,965 shares of the company’s stock worth $223,000 after acquiring an additional 236 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXC shares. TD Cowen began coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. UBS Group cut their target price on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. BTIG Research began coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Royal Bank Of Canada began coverage on shares of Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price objective on the stock. Finally, Wolfe Research cut shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.38.

Exelon Trading Down 0.4%

EXC opened at $44.45 on Thursday. 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 52 week low of $40.81 and a 52 week high of $48.51. The business’s 50 day moving average is $43.94 and its two-hundred day moving average is $44.81. The firm has a market cap of $44.91 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.45.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Exelon had a return on equity of 10.28% and a net margin of 11.60%. On average, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

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.