Financial Consulate Inc. Trims Position in Exelon Co. (NYSE:EXC)

Financial Consulate Inc. lessened its stake in Exelon Co. (NYSE:EXC) by 4.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,344 shares of the energy giant’s stock after selling 425 shares during the quarter. Financial Consulate Inc.’s holdings in Exelon were worth $451,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atwater Malick LLC purchased a new position in Exelon in the 3rd quarter worth about $27,000. Kempen Capital Management N.V. purchased a new position in Exelon in the 2nd quarter worth about $27,000. Quantamental Technologies LLC purchased a new position in Exelon in the 2nd quarter worth about $29,000. Manchester Financial Inc. purchased a new position in Exelon in the 2nd quarter worth about $30,000. Finally, Weaver Consulting Group purchased a new position in Exelon in the 1st quarter worth about $31,000. 78.99% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on EXC. Morgan Stanley upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Mizuho dropped their target price on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday. SunTrust Banks set a $49.00 target price on shares of Exelon and gave the stock a “hold” rating in a report on Tuesday, September 3rd. UBS Group increased their target price on shares of Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Argus reiterated a “buy” rating and set a $53.00 target price on shares of Exelon in a report on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $52.08.

Exelon stock traded down $0.95 during midday trading on Thursday, hitting $43.96. 997,313 shares of the company’s stock were exchanged, compared to its average volume of 5,374,033. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. Exelon Co. has a 12 month low of $42.80 and a 12 month high of $51.18. The firm has a 50-day moving average of $47.82 and a two-hundred day moving average of $48.26. The company has a market cap of $46.16 billion, a PE ratio of 14.02, a P/E/G ratio of 4.50 and a beta of 0.26.

Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts expect that Exelon Co. will post 3.14 earnings per share for the current year.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Featured Story: Does the Dogs of the Dow strategy work?

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.