Quent Capital LLC Purchases 979 Shares of Exelon Co. (NASDAQ:EXC)

Quent Capital LLC increased its position in Exelon Co. (NASDAQ:EXC) by 27.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,599 shares of the company’s stock after buying an additional 979 shares during the quarter. Quent Capital LLC’s holdings in Exelon were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC increased its stake in shares of Exelon by 1.0% during the third quarter. CWM LLC now owns 38,377 shares of the company’s stock valued at $1,556,000 after buying an additional 379 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Exelon during the third quarter valued at $230,000. Exchange Traded Concepts LLC bought a new position in shares of Exelon during the third quarter valued at $366,000. Creative Planning lifted its holdings in shares of Exelon by 49.1% during the third quarter. Creative Planning now owns 201,264 shares of the company’s stock valued at $8,161,000 after purchasing an additional 66,287 shares in the last quarter. Finally, NBC Securities Inc. lifted its holdings in Exelon by 3.0% in the third quarter. NBC Securities Inc. now owns 20,953 shares of the company’s stock valued at $849,000 after acquiring an additional 607 shares during the period. Institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Scotiabank increased their target price on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Barclays lowered their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.13.

Exelon Price Performance

Shares of EXC stock opened at $42.89 on Thursday. Exelon Co. has a 52-week low of $33.50 and a 52-week high of $43.09. 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 firm has a market capitalization of $43.10 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.74 and a beta of 0.56. The stock has a 50 day moving average price of $38.52 and a 200 day moving average price of $38.82.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.47% and a net margin of 10.60%. During the same quarter last year, the company posted $0.60 earnings per share. As a group, sell-side analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

About Exelon

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.