Newton One Investments LLC Buys New Position in Exelon Co. (NASDAQ:EXC)

Newton One Investments LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,578 shares of the company’s stock, valued at approximately $172,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon during the 4th quarter valued at about $30,000. abrdn plc boosted its holdings in shares of Exelon by 0.6% during the 4th quarter. abrdn plc now owns 521,829 shares of the company’s stock worth $19,535,000 after buying an additional 3,161 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of Exelon by 9.0% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 6,037 shares of the company’s stock worth $227,000 after buying an additional 500 shares during the period. Resonant Capital Advisors LLC grew its position in shares of Exelon by 21.5% during the 4th quarter. Resonant Capital Advisors LLC now owns 6,953 shares of the company’s stock worth $262,000 after buying an additional 1,229 shares during the period. Finally, Burford Brothers Inc. bought a new stake in shares of Exelon in the 4th quarter valued at $1,063,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Exelon Stock Performance

Exelon stock opened at $40.57 on Tuesday. The firm has a fifty day simple moving average of $38.25 and a two-hundred day simple moving average of $38.60. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.19. The company has a market capitalization of $40.77 billion, a PE ratio of 16.70, a P/E/G ratio of 2.66 and a beta of 0.56.

Exelon 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.