Resonant Capital Advisors LLC Buys 1,229 Shares of Exelon Co. (NASDAQ:EXC)

Resonant Capital Advisors LLC raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,953 shares of the company’s stock after acquiring an additional 1,229 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Exelon were worth $262,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon in the third quarter valued at $32,000. Crews Bank & Trust acquired a new stake in shares of Exelon in the fourth quarter valued at $34,000. Versant Capital Management Inc increased its stake in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after buying an additional 379 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after buying an additional 735 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Exelon by 63.4% in the third quarter. Catalyst Capital Advisors LLC now owns 1,598 shares of the company’s stock valued at $65,000 after buying an additional 620 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 1.4 %

Shares of Exelon stock opened at $40.57 on Tuesday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The stock has a market cap of $40.77 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $38.22 and its 200-day moving average is $38.57.

Wall Street Analysts Forecast Growth

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

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.