Archer Investment Corp Sells 400 Shares of Exelon Co. (NASDAQ:EXC)

Archer Investment Corp lessened its stake in Exelon Co. (NASDAQ:EXC) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,278 shares of the company’s stock after selling 400 shares during the period. Archer Investment Corp’s holdings in Exelon were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Exelon by 9.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,452 shares of the company’s stock worth $6,190,000 after purchasing an additional 13,724 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Exelon by 1.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,425,791 shares of the company’s stock worth $91,307,000 after buying an additional 40,076 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Exelon in the fourth quarter valued at $7,423,000. Telos Capital Management Inc. boosted its position in Exelon by 7.3% during the fourth quarter. Telos Capital Management Inc. now owns 5,687 shares of the company’s stock valued at $214,000 after acquiring an additional 389 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC acquired a new stake in Exelon during the 4th quarter worth about $350,000. 80.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EXC. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Barclays reduced their price target 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. 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 report on Thursday, December 12th. Finally, Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and an average price target of $43.13.

Exelon Stock Up 0.2 %

EXC stock opened at $41.12 on Friday. The firm has a market capitalization of $41.32 billion, a PE ratio of 16.92, a P/E/G ratio of 2.66 and a beta of 0.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.26. The stock’s 50 day moving average is $38.33 and its 200-day moving average is $38.67.

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.