Exelon Co. (NASDAQ:EXC) is Ausbil Investment Management Ltd’s 5th Largest Position

Ausbil Investment Management Ltd trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 24.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 186,786 shares of the company’s stock after selling 61,288 shares during the quarter. Exelon accounts for approximately 4.3% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 5th biggest holding. Ausbil Investment Management Ltd’s holdings in Exelon were worth $7,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its holdings in Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after buying an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after acquiring an additional 275 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after acquiring an additional 285 shares during the period. Finally, Wesbanco Bank Inc. increased its stake in shares of Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after purchasing an additional 296 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Exelon Stock Down 0.0 %

Shares of EXC opened at $40.00 on Friday. The company’s 50-day moving average price is $38.20 and its 200 day moving average price is $38.50. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm has a market cap of $40.19 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts forecast that Exelon Co. will post 2.46 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.