Thrivent Financial for Lutherans Buys 25,529 Shares of Exelon Corporation $EXC

Thrivent Financial for Lutherans lifted its stake in Exelon Corporation (NASDAQ:EXC) by 38.3% in the third quarter, HoldingsChannel.com reports. The firm owned 92,236 shares of the company’s stock after purchasing an additional 25,529 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Exelon were worth $4,151,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Exelon by 1.6% during the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after acquiring an additional 2,075,014 shares during the last quarter. State Street Corp boosted its stake in shares of Exelon by 4.0% in the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after purchasing an additional 2,491,064 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Exelon by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after buying an additional 931,897 shares during the period. Invesco Ltd. raised its stake in shares of Exelon by 7.4% during the second quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after buying an additional 1,023,874 shares during the last quarter. Finally, Norges Bank acquired a new position in Exelon in the second quarter valued at approximately $589,122,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, December 12th. TD Cowen started coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target on the stock. Wolfe Research downgraded Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. UBS Group decreased their target price on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, BTIG Research started coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.38.

Exelon Trading Up 0.6%

EXC opened at $44.33 on Friday. The stock has a market capitalization of $44.79 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.59 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12 month low of $40.81 and a 12 month high of $48.51. The firm’s fifty day simple moving average is $43.98 and its 200 day simple moving average is $44.80.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.