Essex LLC Lowers Stock Position in Exelon Co. (NASDAQ:EXC)

Essex LLC lessened its position in Exelon Co. (NASDAQ:EXC) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,985 shares of the company’s stock after selling 4,356 shares during the quarter. Essex LLC’s holdings in Exelon were worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXC. Brookstone Capital Management raised its holdings in shares of Exelon by 1.9% in the 3rd quarter. Brookstone Capital Management now owns 50,908 shares of the company’s stock valued at $2,064,000 after purchasing an additional 939 shares in the last quarter. CWM LLC raised its stake in Exelon by 1.0% during the 3rd quarter. CWM LLC now owns 38,377 shares of the company’s stock worth $1,556,000 after acquiring an additional 379 shares in the last quarter. Wedmont Private Capital purchased a new stake in Exelon in the third quarter valued at $208,000. UMB Bank n.a. boosted its stake in Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after acquiring an additional 735 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Exelon by 414.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,537 shares of the company’s stock worth $508,000 after purchasing an additional 10,100 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exelon

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

Exelon Trading Up 0.5 %

Shares of EXC opened at $41.31 on Friday. The company has a market capitalization of $41.51 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.56. The stock has a fifty day moving average of $38.37 and a two-hundred day moving average of $38.72. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank raised their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays decreased their price objective 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.13.

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.