Sciencast Management LP Has $2.37 Million Stake in Exelon Co. (EXC)

Sciencast Management LP grew its holdings in shares of Exelon Co. (NYSE:EXC) by 242.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,900 shares of the energy giant’s stock after buying an additional 33,900 shares during the quarter. Exelon accounts for about 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 26th biggest position. Sciencast Management LP’s holdings in Exelon were worth $2,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Bank & Trust bought a new position in shares of Exelon during the first quarter valued at approximately $25,000. Moody National Bank Trust Division bought a new position in shares of Exelon during the fourth quarter valued at approximately $26,000. Csenge Advisory Group bought a new position in shares of Exelon during the third quarter valued at approximately $26,000. Braun Bostich & Associates Inc. grew its stake in shares of Exelon by 51.7% during the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after buying an additional 209 shares during the last quarter. Finally, Capital Financial Planning LLC bought a new position in shares of Exelon during the fourth quarter valued at approximately $29,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Exelon stock traded up $0.45 during mid-day trading on Monday, reaching $50.15. 223,146 shares of the company were exchanged, compared to its average volume of 5,734,563. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a market cap of $48.21 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.89 and a beta of 0.37. Exelon Co. has a 12-month low of $38.03 and a 12-month high of $50.85.

Exelon (NYSE:EXC) last posted its earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $6.60 billion. Exelon had a return on equity of 9.18% and a net margin of 5.58%. Exelon’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Equities analysts expect that Exelon Co. will post 3.13 earnings per share for the current year.

A number of research analysts have recently commented on EXC shares. Goldman Sachs Group cut Exelon from a “neutral” rating to a “sell” rating and set a $43.00 target price on the stock. in a research note on Friday, January 4th. SunTrust Banks reiterated a “hold” rating and issued a $49.00 price target on shares of Exelon in a report on Tuesday, February 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 price target on shares of Exelon in a report on Wednesday, January 23rd. Wells Fargo & Co reiterated a “hold” rating on shares of Exelon in a report on Friday, February 8th. Finally, Morgan Stanley boosted their price target on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.82.

In other Exelon news, EVP Joseph Nigro sold 53,800 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the sale, the executive vice president now owns 99,574 shares in the company, valued at $4,937,874.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Paymon Aliabadi sold 17,500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $48.36, for a total value of $846,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,800 shares of company stock valued at $4,352,142. 0.27% of the stock is owned by company insiders.

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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.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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