Massachusetts Financial Services Co. MA Sells 224,328 Shares of Exelon Co. (NASDAQ:EXC)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Exelon Co. (NASDAQ:EXCFree Report) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,625,592 shares of the company’s stock after selling 224,328 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Exelon were worth $741,651,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in Exelon by 133.2% during the 2nd quarter. Lazard Asset Management LLC now owns 17,371,666 shares of the company’s stock worth $707,721,000 after purchasing an additional 9,923,059 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Exelon during the 4th quarter worth about $413,260,000. Norges Bank bought a new position in Exelon during the 4th quarter worth about $264,477,000. BROOKFIELD Corp ON increased its holdings in Exelon by 1,558.6% during the 2nd quarter. BROOKFIELD Corp ON now owns 3,957,683 shares of the company’s stock worth $161,236,000 after purchasing an additional 3,719,073 shares in the last quarter. Finally, State Street Corp increased its holdings in Exelon by 5.6% during the 1st quarter. State Street Corp now owns 62,018,881 shares of the company’s stock worth $2,597,969,000 after purchasing an additional 3,271,744 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Seaport Res Ptn cut Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Morgan Stanley cut Exelon from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $45.00 to $38.00 in a report on Monday, December 18th. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. JPMorgan Chase & Co. cut Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Monday, December 18th. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.36.

View Our Latest Research Report on EXC

Exelon Stock Down 1.9 %

NASDAQ EXC opened at $34.35 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.56. Exelon Co. has a 1-year low of $33.94 and a 1-year high of $43.71. The company has a 50 day moving average of $36.49 and a 200-day moving average of $38.63. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.51 and a beta of 0.53.

Exelon (NASDAQ:EXCGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Exelon had a net margin of 10.20% and a return on equity of 8.81%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $4.96 billion. On average, equities research analysts expect that Exelon Co. will post 2.36 earnings per share for the current fiscal year.

Exelon Company Profile

(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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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