SVB Wealth LLC Increases Stake in Exelon Co. (NASDAQ:EXC)

Posted by on Feb 15th, 2023

SVB Wealth LLC boosted its position in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 67.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,774 shares of the company’s stock after purchasing an additional 5,569 shares during the quarter. SVB Wealth LLC’s holdings in Exelon were worth $516,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXC. Cowa LLC purchased a new stake in Exelon during the 3rd quarter valued at about $26,000. Hallmark Capital Management Inc. purchased a new stake in Exelon during the 2nd quarter valued at about $32,000. Hanseatic Management Services Inc. boosted its holdings in shares of Exelon by 74.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 964 shares of the company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. Money Concepts Capital Corp boosted its holdings in shares of Exelon by 55.4% during the 3rd quarter. Money Concepts Capital Corp now owns 1,004 shares of the company’s stock valued at $38,000 after acquiring an additional 358 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new stake in shares of Exelon during the 2nd quarter valued at about $41,000. 80.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXC. Guggenheim dropped their price target on shares of Exelon from $49.00 to $40.00 in a report on Monday, October 24th. Wells Fargo & Company raised their price target on shares of Exelon to $47.00 in a report on Wednesday, December 14th. Credit Suisse Group raised their price objective on shares of Exelon from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. Seaport Res Ptn reissued a “buy” rating on shares of Exelon in a report on Monday, October 24th. Finally, Mizuho dropped their price objective on shares of Exelon from $47.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.45.

Exelon Price Performance

NASDAQ EXC opened at $42.03 on Wednesday. Exelon Co. has a 12 month low of $35.19 and a 12 month high of $50.71. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.60 and a beta of 0.60. The company’s 50 day moving average is $42.33 and its two-hundred day moving average is $40.78. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45.

Exelon (NASDAQ:EXC – Get Rating) last released its earnings results on Tuesday, February 14th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Exelon had a net margin of 8.85% and a return on equity of 10.12%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 EPS. As a group, research analysts anticipate that Exelon Co. will post 2.27 earnings per share for the current year.

About Exelon

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Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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