Mirae Asset Global Investments Co. Ltd. Buys 34,217 Shares of Exelon Co. (NASDAQ:EXC)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 13.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 289,872 shares of the company’s stock after acquiring an additional 34,217 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Exelon were worth $10,855,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC lifted its stake in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon in the fourth quarter worth $30,000. Ashton Thomas Securities LLC bought a new stake in Exelon in the third quarter worth $32,000. Crews Bank & Trust bought a new stake in Exelon in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc lifted its stake in Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXC has been the subject of several recent research reports. Barclays lowered their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank upped 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, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Price Performance

Shares of NASDAQ EXC opened at $41.12 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.26. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The company’s 50-day moving average is $38.30 and its 200 day moving average is $38.65. The stock has a market capitalization of $41.32 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.66 and a beta of 0.56.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.