TCW Group Inc. Has $680,000 Stake in Exelon Corporation (NASDAQ:EXC)

TCW Group Inc. raised its position in Exelon Corporation (NASDAQ:EXC) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,766 shares of the company’s stock after purchasing an additional 790 shares during the quarter. TCW Group Inc.’s holdings in Exelon were worth $680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. Geode Capital Management LLC raised its stake in shares of Exelon by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company’s stock valued at $988,080,000 after purchasing an additional 368,505 shares during the period. Lazard Asset Management LLC raised its stake in shares of Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company’s stock valued at $928,277,000 after purchasing an additional 653,627 shares during the period. FMR LLC raised its stake in shares of Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after purchasing an additional 5,524,103 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Exelon by 11.1% in the 4th quarter. Deutsche Bank AG now owns 17,089,308 shares of the company’s stock valued at $643,242,000 after purchasing an additional 1,706,184 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.20.

Exelon Trading Down 1.3%

Exelon stock opened at $43.41 on Tuesday. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The stock has a market capitalization of $43.82 billion, a P/E ratio of 16.14, a PEG ratio of 2.58 and a beta of 0.39. The stock has a 50-day simple moving average of $43.23 and a 200 day simple moving average of $43.45.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter last year, the company posted $0.68 earnings per share. Exelon’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Exelon Corporation will post 2.64 earnings per share 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.