Newton One Investments LLC Acquires Shares of 4,578 Exelon Co. (NASDAQ:EXC)

Newton One Investments LLC bought a new position in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,578 shares of the company’s stock, valued at approximately $172,000.

Several other large investors also recently modified their holdings of EXC. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC bought a new position in Exelon in the third quarter worth about $32,000. Crews Bank & Trust purchased a new stake in Exelon in the fourth quarter worth about $34,000. Versant Capital Management Inc boosted its position in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after acquiring an additional 379 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Exelon by 92.7% during the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after acquiring an additional 735 shares during the period. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXC has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays reduced their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Scotiabank upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Exelon currently has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Trading Up 1.4 %

Shares of NASDAQ EXC opened at $40.57 on Tuesday. The firm’s 50 day moving average price is $38.25 and its 200-day moving average price is $38.60. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market cap of $40.77 billion, a PE ratio of 16.70, a P/E/G ratio of 2.66 and a beta of 0.56.

Exelon Company Profile

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.