Exelon Co. (NASDAQ:EXC) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lowered its holdings in Exelon Co. (NASDAQ:EXC) by 14.8% in the fourth quarter, HoldingsChannel reports. The firm owned 49,280 shares of the company’s stock after selling 8,550 shares during the quarter. Principle Wealth Partners LLC’s holdings in Exelon were worth $1,855,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the 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 completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXC. Barclays decreased their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price objective 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. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and an average price target of $43.13.

Exelon Trading Up 1.2 %

Shares of Exelon stock opened at $41.80 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $42.00 billion, a P/E ratio of 17.20, a PEG ratio of 2.74 and a beta of 0.56. Exelon Co. has a 1 year low of $33.50 and a 1 year high of $41.88. The company’s fifty day moving average is $38.37 and its two-hundred day moving average is $38.74.

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.