VeraBank N.A. Acquires 250 Shares of Exelon Co. (NYSE:EXC)

VeraBank N.A. lifted its holdings in Exelon Co. (NYSE:EXC) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,074 shares of the energy giant’s stock after acquiring an additional 250 shares during the period. VeraBank N.A.’s holdings in Exelon were worth $583,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Exelon by 0.4% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 48,412 shares of the energy giant’s stock valued at $2,339,000 after acquiring an additional 212 shares during the last quarter. Trust Co. of Toledo NA OH lifted its stake in Exelon by 0.7% in the second quarter. Trust Co. of Toledo NA OH now owns 33,723 shares of the energy giant’s stock worth $1,616,000 after purchasing an additional 218 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in Exelon by 7.1% in the second quarter. Hanseatic Management Services Inc. now owns 3,660 shares of the energy giant’s stock worth $175,000 after purchasing an additional 243 shares during the last quarter. Hoover Financial Advisors Inc. lifted its stake in Exelon by 5.8% in the second quarter. Hoover Financial Advisors Inc. now owns 4,463 shares of the energy giant’s stock worth $214,000 after purchasing an additional 245 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Exelon by 1.3% in the second quarter. Rehmann Capital Advisory Group now owns 19,106 shares of the energy giant’s stock worth $916,000 after purchasing an additional 247 shares during the last quarter. 78.99% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on EXC. Argus reissued a “buy” rating and issued a $53.00 price objective on shares of Exelon in a research note on Wednesday, September 18th. UBS Group raised their price objective on shares of Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Barclays reissued a “buy” rating and issued a $54.00 price objective on shares of Exelon in a research note on Thursday, September 26th. Morgan Stanley raised shares of Exelon from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 6th. Finally, SunTrust Banks set a $49.00 price objective on shares of Exelon and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Exelon has an average rating of “Buy” and an average price target of $52.29.

Shares of NYSE:EXC traded up $0.25 during trading on Friday, reaching $47.67. 2,439,479 shares of the company were exchanged, compared to its average volume of 5,370,711. The firm has a market capitalization of $47.07 billion, a PE ratio of 15.28, a P/E/G ratio of 4.50 and a beta of 0.26. The business’s fifty day simple moving average is $47.60 and its 200-day simple moving average is $48.36. Exelon Co. has a 12-month low of $42.44 and a 12-month high of $51.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 1st. The energy giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 3.14 EPS for the current fiscal year.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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