Louisiana State Employees Retirement System cut its holdings in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,400 shares of the company’s stock after selling 5,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Exelon were worth $4,795,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of EXC. Quent Capital LLC raised its stake in Exelon by 27.0% during the 4th quarter. Quent Capital LLC now owns 4,599 shares of the company’s stock valued at $173,000 after purchasing an additional 979 shares during the last quarter. Wealthcare Capital Partners LLC bought a new position in shares of Exelon during the 4th quarter worth about $588,000. Stonebridge Financial Group LLC acquired a new position in shares of Exelon during the fourth quarter valued at about $40,000. Summit Trail Advisors LLC lifted its stake in shares of Exelon by 23.9% in the fourth quarter. Summit Trail Advisors LLC now owns 18,484 shares of the company’s stock valued at $696,000 after buying an additional 3,567 shares during the period. Finally, Stephens Inc. AR grew its position in Exelon by 12.8% during the fourth quarter. Stephens Inc. AR now owns 14,154 shares of the company’s stock worth $533,000 after buying an additional 1,610 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Up 1.3 %
Shares of NASDAQ:EXC opened at $42.89 on Thursday. The company has a market capitalization of $43.10 billion, a PE ratio of 17.65, a P/E/G ratio of 2.74 and a beta of 0.56. 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 company’s fifty day moving average is $38.52 and its 200-day moving average is $38.82. Exelon Co. has a 52 week low of $33.50 and a 52 week high of $43.09.
Analysts Set New Price Targets
EXC has been the subject of several recent research reports. 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. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays decreased their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.13.
Insider Buying and Selling
In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.
Exelon Profile
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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