Burford Brothers Inc. Buys New Shares in Exelon Co. (NASDAQ:EXC)

Burford Brothers Inc. purchased a new position in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 28,236 shares of the company’s stock, valued at approximately $1,063,000.

Several other hedge funds also recently modified their holdings of EXC. Marshall Wace LLP bought a new stake in shares of Exelon during the second quarter worth about $1,811,000. NewEdge Advisors LLC raised its holdings in shares of Exelon by 1.5% in the second quarter. NewEdge Advisors LLC now owns 31,654 shares of the company’s stock valued at $1,096,000 after purchasing an additional 455 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Exelon during the second quarter worth about $1,215,000. Massmutual Trust Co. FSB ADV grew its position in Exelon by 14.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 3,969 shares of the company’s stock worth $161,000 after purchasing an additional 493 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Exelon by 6.9% during the 3rd quarter. Czech National Bank now owns 203,710 shares of the company’s stock worth $8,260,000 after buying an additional 13,173 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.0 %

Shares of NASDAQ:EXC opened at $40.00 on Monday. The firm has a fifty day moving average price of $38.22 and a two-hundred day moving average price of $38.56. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.66 and a beta of 0.56. 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 one year low of $33.35 and a one year high of $41.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXC. Barclays decreased their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley lowered 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $43.13.

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.