Exelon Co. (NASDAQ:EXC) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,782 shares of the company’s stock after acquiring an additional 4,423 shares during the period. Perigon Wealth Management LLC’s holdings in Exelon were worth $582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Czech National Bank lifted its position in shares of Exelon by 7.0% during the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock worth $8,201,000 after purchasing an additional 14,158 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after buying an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after buying an additional 123,466 shares in the last quarter. State Street Corp boosted its position in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Exelon by 3.3% in the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after acquiring an additional 36,734 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays decreased their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.13.

Exelon Stock Performance

Shares of EXC stock opened at $40.00 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $40.19 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.63 and a beta of 0.55. The stock’s 50-day moving average is $38.20 and its two-hundred day moving average is $38.50.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. Analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.