Louisiana State Employees Retirement System Sells 5,200 Shares of Exelon Co. (NASDAQ:EXC)

Louisiana State Employees Retirement System reduced its position in Exelon Co. (NASDAQ:EXC) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 127,400 shares of the company’s stock after selling 5,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Exelon were worth $4,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares during the period. Geode Capital Management LLC raised its position in shares of Exelon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after acquiring an additional 403,542 shares during the last quarter. FMR LLC lifted its stake in shares of Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Exelon by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after purchasing an additional 160,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reduced their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays reduced their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Scotiabank upped their target price on shares of Exelon from $40.00 to $42.00 and gave the company 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 stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.13.

Insider Activity at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Exelon Stock Up 1.3 %

Shares of EXC stock opened at $42.89 on Thursday. The company has a market capitalization of $43.10 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 2.74 and a beta of 0.56. Exelon Co. has a 12-month low of $33.50 and a 12-month high of $43.09. The firm has a fifty day moving average of $38.52 and a 200-day moving average of $38.82. 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 (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.47% and a net margin of 10.60%. During the same period in the prior year, the business posted $0.60 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

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.