Y.D. More Investments Ltd raised its stake in Exelon Co. (NASDAQ:EXC – Free Report) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,119 shares of the company’s stock after purchasing an additional 340 shares during the quarter. Y.D. More Investments Ltd’s holdings in Exelon were worth $117,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Czech National Bank lifted its holdings in Exelon by 7.0% in 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 period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Exelon by 20.8% in the fourth 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 period. HITE Hedge Asset Management LLC boosted its holdings in Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after buying an additional 321,333 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after buying an additional 123,466 shares in the last quarter. Finally, State Street Corp grew its position in Exelon by 3.7% during 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 period. Institutional investors and hedge funds own 80.92% of the company’s stock.
Analyst Ratings Changes
EXC has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank raised their price objective 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon has a consensus rating of “Moderate Buy” and an average target price of $43.13.
Insider Activity at Exelon
In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents 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 currently owned by insiders.
Exelon Stock Performance
EXC stock opened at $41.04 on Thursday. The stock’s 50 day simple moving average is $38.27 and its 200 day simple moving average is $38.63. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.26. The firm has a market cap of $41.24 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.66 and a beta of 0.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.
Exelon Company 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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