Exelon Co. (NASDAQ:EXC) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Exelon Co. (NASDAQ:EXC) by 122.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 329,388 shares of the company’s stock after acquiring an additional 181,333 shares during the period. KBC Group NV’s holdings in Exelon were worth $12,398,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Exelon during the 2nd quarter valued at $1,811,000. AQR Capital Management LLC increased its stake in Exelon by 147.7% during the second quarter. AQR Capital Management LLC now owns 192,375 shares of the company’s stock worth $6,641,000 after acquiring an additional 114,697 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Exelon by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 31,654 shares of the company’s stock worth $1,096,000 after purchasing an additional 455 shares during the period. Granite Bay Wealth Management LLC acquired a new position in shares of Exelon in the 2nd quarter valued at about $698,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Exelon during the 2nd quarter worth about $57,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

EXC stock opened at $39.57 on Thursday. The company has a market capitalization of $39.76 billion, a PE ratio of 16.28, a P/E/G ratio of 2.61 and a beta of 0.55. 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’s 50 day moving average is $38.16 and its two-hundred day moving average is $38.49. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. Analysts predict that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXC has been the topic of several research reports. Scotiabank raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays reduced their target price 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. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.