Sumitomo Life Insurance Co. cut its holdings in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,968 shares of the company’s stock after selling 763 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Exelon were worth $1,269,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of EXC. Missouri Trust & Investment Co acquired a new stake in Exelon in the 4th quarter valued at about $36,000. Nvwm LLC acquired a new stake in Exelon in the third quarter valued at approximately $40,000. Sonora Investment Management LLC purchased a new position in Exelon in the third quarter worth approximately $48,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Exelon during the 4th quarter worth $49,000. Finally, Larson Financial Group LLC grew its stake in shares of Exelon by 273.6% during the fourth quarter. Larson Financial Group LLC now owns 949 shares of the company’s stock worth $55,000 after purchasing an additional 695 shares in the last quarter. 79.73% of the stock is owned by institutional investors.
EXC stock traded down $0.04 during trading on Monday, reaching $48.99. The stock had a trading volume of 183,917 shares, compared to its average volume of 10,533,326. The company has a current ratio of 0.87, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The firm has a fifty day moving average price of $44.51 and a 200 day moving average price of $50.23. The company has a market capitalization of $48.02 billion, a P/E ratio of 28.18, a PEG ratio of 3.49 and a beta of 0.59. Exelon Co. has a 1-year low of $30.57 and a 1-year high of $50.29.
In related news, EVP Calvin Butler, Jr. sold 26,708 shares of Exelon stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $57.61, for a total value of $1,538,647.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William P. Bowers acquired 4,500 shares of the business’s stock in a transaction on Tuesday, March 22nd. The shares were purchased at an average price of $43.56 per share, for a total transaction of $196,020.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 52,070 shares of company stock valued at $2,733,217. Company insiders own 0.19% of the company’s stock.
Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Exelon from $63.00 to $47.00 in a research note on Thursday, February 17th. KeyCorp upped their target price on shares of Exelon from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. Vertical Research lowered shares of Exelon from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research note on Thursday, February 3rd. The Goldman Sachs Group downgraded Exelon from a “buy” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $44.00 in a report on Friday, February 4th. Finally, Wells Fargo & Company downgraded Exelon from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $65.00 to $45.00 in a research note on Thursday, February 3rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.00.
About Exelon (Get Rating)
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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