Exelon Co. (NASDAQ:EXC) Stake Trimmed by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lessened its holdings in Exelon Co. (NASDAQ:EXC) by 24.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,786 shares of the company’s stock after selling 61,288 shares during the quarter. Exelon comprises approximately 4.3% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 5th largest holding. Ausbil Investment Management Ltd’s holdings in Exelon were worth $7,107,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American National Bank & Trust increased its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon in the 3rd quarter valued at approximately $32,000. Crews Bank & Trust purchased a new stake in shares of Exelon in the 4th quarter valued at approximately $34,000. Versant Capital Management Inc grew its stake in shares of Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Exelon Stock Down 0.0 %

EXC stock opened at $40.00 on Friday. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The company has a fifty day moving average price of $38.20 and a 200 day moving average price of $38.50. 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 Co. has a 12 month low of $33.35 and a 12 month high of $41.19.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect 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.