Empirical Finance LLC Has $1.27 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Empirical Finance LLC trimmed its position in Exelon Co. (NASDAQ:EXC) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,779 shares of the company’s stock after selling 414 shares during the period. Empirical Finance LLC’s holdings in Exelon were worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EXC. Empowered Funds LLC raised its position in shares of Exelon by 237.4% during the fourth quarter. Empowered Funds LLC now owns 57,289 shares of the company’s stock worth $2,156,000 after purchasing an additional 40,309 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Exelon by 6.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 9,857 shares of the company’s stock valued at $371,000 after purchasing an additional 596 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Exelon by 13.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 22,290 shares of the company’s stock worth $839,000 after buying an additional 2,603 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Exelon by 54.7% during the fourth quarter. Apollon Wealth Management LLC now owns 17,707 shares of the company’s stock worth $667,000 after buying an additional 6,259 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in shares of Exelon by 3.9% in the fourth quarter. Cidel Asset Management Inc. now owns 11,813 shares of the company’s stock valued at $445,000 after buying an additional 438 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s 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 owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $41.31 on Monday. The company has a market capitalization of $41.51 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.56. The company’s 50-day moving average is $38.37 and its 200 day moving average is $38.72. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.47.

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.