Janney Montgomery Scott LLC Acquires 7,480 Shares of Exelon Co. (NASDAQ:EXC)

Janney Montgomery Scott LLC raised its stake in shares of Exelon Co. (NASDAQ:EXCFree Report) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 160,986 shares of the company’s stock after acquiring an additional 7,480 shares during the period. Janney Montgomery Scott LLC’s holdings in Exelon were worth $6,083,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Exelon by 1.4% during the 2nd quarter. State Street Corp now owns 62,856,389 shares of the company’s stock valued at $2,560,769,000 after purchasing an additional 837,508 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Exelon by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock valued at $1,232,236,000 after purchasing an additional 343,201 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Exelon by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 18,931,213 shares of the company’s stock valued at $769,004,000 after purchasing an additional 415,812 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Exelon by 133.2% during the 2nd quarter. Lazard Asset Management LLC now owns 17,371,666 shares of the company’s stock valued at $707,721,000 after purchasing an additional 9,923,059 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Exelon in the 4th quarter valued at about $413,260,000. Institutional investors own 81.38% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $33.84 on Monday. The company has a 50 day moving average price of $35.99 and a 200-day moving average price of $38.35. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.77 and a current ratio of 0.85. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71. The company has a market capitalization of $33.69 billion, a PE ratio of 15.81, a P/E/G ratio of 2.48 and a beta of 0.53.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price target on shares of Exelon from $45.00 to $38.00 and set a “sector perform” rating for the company in a report on Tuesday, December 19th. TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday. Bank of America lowered their price target on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. lowered Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.36.

Read Our Latest Report on EXC

About Exelon

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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