The investment firm Girard Partners LTD. has made a bold move in the energy sector with their recent purchase of shares in Exelon Co. (NASDAQ:EXC). The SEC filing discloses that they bought 5,074 shares valued at approximately $219,000.
After the investment was made public, several brokerages weighed in on their price assessment for Exelon Co. Wells Fargo & Company lowered the company’s price objective from $47.00 to $45.00 in February, while Credit Suisse Group gave the company an “outperform” rating and increased its price objective from $42.00 to $46.00 back in January. Meanwhile, BMO Capital Markets also reduced their price objectivity from $46.00 to $45.00 but maintained an “outperform” rating for Exelon Co.
Morgan Stanley have given Exelon Co.’s stock an “overweight” rating and cut their price target on the company from $49.00 to $46.00 earlier this year, too.
On Bloomberg.com, current data analysis shows that Exelon currently has a consensus rating of “Moderate Buy,” with nine out of twelve analysts assigned to it suggesting that investors should buy stock.
Shares of EXC stock opened at $43.06 on Friday, revealing a 52-week low of $35.19 and a 52-week high of $50.71 as well as market capitalization standing at roughly $42.81 billion in value as per previous reports on this buying activity by Girard Partners LTD.
It is worth noting that presently, Exelon has a debt-to-equity ratio of 1.44 and PE ratio of 19.66 which may give pause to some investors considering a stake into the company’s financial profile; however with analysts positive outlook recently there may be merit behind strongly considering investing before others do likewise – a ticker worth watching closely over the next few weeks.
Hedge Funds and Institutional Investors Increase Holdings in Exelon: Analysis of Q4 2016 Activity
Exelon – An Analysis of Hedge Fund and Institutional Investor Holdings
Recent reports indicate that several hedge funds and institutional investors have been busy modifying their holdings in Exelon, the American energy company. Baker Tilly Wealth Management LLC, for example, increased its stake in the company by 10.7% in Q4 of 2016. The company now owns 6,261 shares of Exelon’s stock worth $271,000 after having purchased an additional 605 shares during the last quarter.
Similarly, Eagle Bay Advisors LLC boosted its stake by 33.1% to now own 3,927 shares of Exelon’s stock worth $170,000. Outfitter Financial LLC also entered into a new position during the same quarter at approximately $225,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake by 7.9% to own 76,511 shares of Exelon’s stock valued at $3,308,000 after purchasing an additional 5,581 shares while Boenning & Scattergood bought a new position valued at $237,000 – all in Q4 of last year.
These assets brought about warnings from several brokerages including Wells Fargo & Company warning that problems with Exelon would cause prices to dip even further down to $45 per share from their original objective price-point of $47 per share due to problems on February 15th earlier this year.
Investors had reason for concern since Edelmann had sold over six thousand shares only a few weeks before any news hit the streets and saw little reaction from either Wall Street or institutional investors who still hold more than four-fifths of this market leader’s total stock.
In spite of these issues and concerns though Exelon has been proving itself quite capable as a company with solid growth rates and revenue streams reported for Q4 surpassing estimates within industry expectations coupled with successful sales moves seen in applications of technology and environmental practices as well. It remains a top-ranked buy.
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