Generali Asset Management SPA SGR Sells 24,445 Shares of Exelon Corporation $EXC

Generali Asset Management SPA SGR decreased its holdings in Exelon Corporation (NASDAQ:EXC) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,375 shares of the company’s stock after selling 24,445 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Exelon were worth $3,813,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Eastern Bank acquired a new position in shares of Exelon during the second quarter valued at $26,000. Axiom Investment Management LLC acquired a new stake in Exelon in the first quarter worth about $27,000. Elevation Wealth Partners LLC lifted its holdings in Exelon by 440.0% in the second quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock worth $28,000 after purchasing an additional 484 shares during the period. Silvant Capital Management LLC acquired a new stake in Exelon in the second quarter worth about $29,000. Finally, North Point Portfolio Managers Corp OH bought a new position in Exelon in the 3rd quarter valued at about $29,000. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Exelon from $45.00 to $44.00 in a research note on Thursday, October 15th. Barclays cut their target price on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. HSBC started coverage on Exelon in a research report on Thursday, October 22nd. They issued a “hold” rating and a $44.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Exelon from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, BMO Capital Markets lowered their price target on Exelon from $47.00 to $45.00 and set a “market perform” rating on the stock in a research report on Thursday, October 22nd. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.58.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.77 on Thursday. Exelon Corporation has a twelve month low of $39.73 and a twelve month high of $50.65. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average of $42.82 and a two-hundred day moving average of $45.54. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.43 and a beta of 0.30.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Company Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.