Union Bancaire Privee UBP SA Takes $402,000 Position in Exelon Co. (NASDAQ:EXC)

Union Bancaire Privee UBP SA bought a new position in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,294 shares of the company’s stock, valued at approximately $402,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank boosted its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after acquiring an additional 14,158 shares during the period. HITE Hedge Asset Management LLC boosted its stake in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the last quarter. State Street Corp increased its stake in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Exelon by 3.3% in the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after buying an additional 36,734 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXC. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays lowered 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 lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Exelon currently has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Stock Performance

Exelon stock opened at $39.81 on Wednesday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.19. 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 company has a market capitalization of $40.00 billion, a P/E ratio of 16.38, a PEG ratio of 2.61 and a beta of 0.55. The stock’s 50 day moving average is $38.15 and its 200 day moving average is $38.45.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.47% and a net margin of 10.60%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities research analysts predict that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

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.