AlphaStar Capital Management LLC Cuts Stake in Exelon Co. (NASDAQ:EXC)

AlphaStar Capital Management LLC cut its position in Exelon Co. (NASDAQ:EXC) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,505 shares of the company’s stock after selling 1,062 shares during the period. AlphaStar Capital Management LLC’s holdings in Exelon were worth $1,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Czech National Bank increased its position in Exelon by 7.0% during the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after acquiring an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after purchasing an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the period. Finally, State Street Corp boosted its holdings in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the 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 completion of the transaction, the executive vice president now owns 2,271 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

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

Exelon Trading Up 0.5 %

Shares of EXC stock opened at $41.31 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $41.51 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.56. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.47. The stock’s 50-day moving average price is $38.37 and its 200-day moving average price is $38.70.

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.