Exelon Corporation $EXC Stock: Generali Asset Management SPA SGR Decreases Holdings

Key Points

• Generali Asset Management SPA SGR cut its Exelon stake by 20.6% in the third quarter, selling 24,445 shares and retaining 94,375 shares valued at approximately $3.8 million.
• Institutional investors and hedge funds own 80.92% of Exelon, with several major firms—including BlackRock, GQG Partners, Legal & General and Bank of New York Mellon—initiating or expanding positions.
• Exelon shares opened at $44.77, while analysts maintain a consensus “Hold” rating and an average price target of $48.58. The company’s latest quarterly revenue exceeded estimates, but earnings per share fell slightly short of expectations.

Generali Asset Management SPA SGR reduced its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 20.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Exelon in the 2nd quarter valued at approximately $5,583,709,000. Lazard Asset Management LLC lifted its stake in Exelon by 6.4% during the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock worth $1,206,887,000 after purchasing an additional 1,490,251 shares during the last quarter. GQG Partners LLC bought a new position in Exelon during the second quarter worth $922,917,000. Legal & General Group Plc bought a new position in Exelon during the second quarter worth $602,760,000. Finally, Bank of New York Mellon Corp bought a new position in Exelon during the second quarter worth $580,842,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.77 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a market capitalization of $46.21 billion, a PE ratio of 16.40, a P/E/G ratio of 2.43 and a beta of 0.30. Exelon Corporation has a 1-year low of $39.73 and a 1-year high of $50.65. The business's fifty day moving average price is $42.82 and its two-hundred day moving average price is $45.54.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. On average, research analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on EXC. Argus lowered their target price on shares of Exelon from $52.00 to $49.00 and set a "buy" rating for the company in a research note on Tuesday, September 22nd. HSBC initiated coverage on shares of Exelon in a research report on Thursday, October 22nd. They issued a "hold" rating and a $44.00 price target on the stock. Morgan Stanley decreased their price target on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Wednesday, October 21st. Jefferies Financial Group reiterated a "hold" rating on shares of Exelon in a research note on Wednesday. Finally, Barclays cut their target price on shares of Exelon from $49.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, October 19th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.58.

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.

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