Smith Group Asset Management LLC Purchases Shares of 11,000 Exelon Co. (NASDAQ:EXC)

Smith Group Asset Management LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,000 shares of the company's stock, valued at approximately $414,000.

Other institutional investors also recently bought and sold shares of the company. American National Bank & Trust lifted its position in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Exelon during the third quarter valued at $32,000. Versant Capital Management Inc lifted its position in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Exelon during the second quarter valued at $57,000. Finally, UMB Bank n.a. lifted its position in Exelon by 92.7% during the third quarter. UMB Bank n.a. now owns 1,528 shares of the company's stock valued at $62,000 after purchasing an additional 735 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

Exelon stock traded up $0.50 during mid-day trading on Thursday, reaching $40.07. 1,514,035 shares of the company traded hands, compared to its average volume of 6,191,849. The company has a market capitalization of $40.26 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.19. The firm's fifty day moving average is $38.18 and its two-hundred day moving average is $38.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm 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 firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities research analysts expect that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXC has been the subject of several research reports. Scotiabank increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays cut their price target on shares of Exelon from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and upped their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley cut their price target 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.