Tobam Trims Stake in Exelon Co. (NASDAQ:EXC)

Tobam lowered its position in Exelon Co. (NASDAQ:EXC) by 22.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,341 shares of the company’s stock after selling 685 shares during the quarter. Tobam’s holdings in Exelon were worth $88,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Stephens Consulting LLC increased its stake in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares during the period. Ashton Thomas Securities LLC bought a new position in Exelon in the 3rd quarter worth about $32,000. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon during the fourth quarter worth approximately $30,000. Crews Bank & Trust purchased a new stake in shares of Exelon in the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc grew its stake in Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Exelon Trading Up 0.5 %

NASDAQ:EXC opened at $41.31 on Friday. The firm has a 50 day moving average of $38.33 and a 200 day moving average of $38.67. 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 52 week low of $33.35 and a 52 week high of $41.47. The stock has a market capitalization of $41.51 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.66 and a beta of 0.56.

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.