Foundations Investment Advisors LLC Reduces Position in Exelon Co. (NASDAQ:EXC)

Foundations Investment Advisors LLC trimmed its stake in Exelon Co. (NASDAQ:EXC) by 9.3% in the 4th quarter, HoldingsChannel reports. The firm owned 6,830 shares of the company’s stock after selling 703 shares during the period. Foundations Investment Advisors LLC’s holdings in Exelon were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after purchasing an additional 274 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after acquiring an additional 275 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Exelon by 2.1% in the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after acquiring an additional 285 shares during the period. Wesbanco Bank Inc. grew its position in shares of Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after purchasing an additional 296 shares in the last quarter. Finally, PFG Investments LLC raised its stake in Exelon by 2.4% during the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after purchasing an additional 305 shares during the period. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Exelon Price Performance

Shares of Exelon stock opened at $40.00 on Friday. The stock has a 50 day moving average price of $38.20 and a 200-day moving average price of $38.50. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. The stock has a market cap of $40.19 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

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

Exelon Company Profile

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.