Swedbank AB Grows Position in Exelon Co. (NASDAQ:EXC)

Swedbank AB grew its position in Exelon Co. (NASDAQ:EXC - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,744,358 shares of the company's stock after buying an additional 108,841 shares during the quarter. Swedbank AB owned 0.27% of Exelon worth $103,298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American National Bank & Trust boosted its position in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after purchasing an additional 447 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Exelon in the 3rd quarter valued at $32,000. Versant Capital Management Inc raised its stake in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock worth $39,000 after acquiring an additional 379 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Exelon during the 2nd quarter valued at about $57,000. Finally, UMB Bank n.a. raised its stake in shares of Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company's stock worth $62,000 after purchasing an additional 735 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays dropped their target price 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. Scotiabank upped their target price on Exelon from $40.00 to $42.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, Evercore ISI raised shares of Exelon from an "in-line" rating to an "outperform" rating and increased their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.13.

Exelon Stock Up 1.0 %

Exelon stock traded up $0.42 during trading on Thursday, reaching $39.99. The stock had a trading volume of 1,992,579 shares, compared to its average volume of 6,218,532. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The business has a 50 day moving average price of $38.18 and a 200 day moving average price of $38.49. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $40.18 billion, a PE ratio of 16.46, a P/E/G ratio of 2.61 and a beta of 0.55.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. On average, analysts predict 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.