Principle Wealth Partners LLC Decreases Stock Holdings in Exelon Co. (NASDAQ:EXC)

Principle Wealth Partners LLC lowered its stake in Exelon Co. (NASDAQ:EXC) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 filing with the SEC.

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

Exelon Price Performance

Exelon stock opened at $41.80 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock has a market cap of $42.00 billion, a P/E ratio of 17.20, a PEG ratio of 2.74 and a beta of 0.56. The company has a 50-day moving average price of $38.37 and a 200 day moving average price of $38.74. Exelon Co. has a 12-month low of $33.50 and a 12-month high of $41.88.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley decreased their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Barclays dropped 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and a consensus target price of $43.13.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated 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 approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.