Mediolanum International Funds Ltd Sells 34,844 Shares of Exelon Corporation $EXC

Mediolanum International Funds Ltd lessened its holdings in Exelon Corporation (NASDAQ:EXC) by 76.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,925 shares of the company’s stock after selling 34,844 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Exelon were worth $484,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Exelon during the second quarter worth about $589,122,000. Canada Pension Plan Investment Board grew its holdings in shares of 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 purchasing an additional 3,476,942 shares during the last quarter. State Street Corp increased its position in Exelon by 4.0% during the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after purchasing an additional 2,491,064 shares in the last quarter. Vanguard Group Inc. lifted its stake in Exelon by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock valued at $5,644,255,000 after purchasing an additional 2,075,014 shares during the last quarter. Finally, Man Group plc boosted its position in Exelon by 99.4% in the second quarter. Man Group plc now owns 3,034,725 shares of the company’s stock valued at $131,768,000 after buying an additional 1,512,552 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $44.01 on Wednesday. The stock has a market capitalization of $44.46 billion, a PE ratio of 15.77, a PEG ratio of 2.57 and a beta of 0.45. The business’s 50 day simple moving average is $44.16 and its 200 day simple moving average is $44.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a one year low of $39.85 and a one year high of $48.51.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on EXC shares. Barclays lowered their price target on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company dropped their target price on Exelon from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Jefferies Financial Group reduced their price target on Exelon from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. KeyCorp set a $39.00 target price on shares of Exelon in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Seven equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.38.

Exelon Company 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.