Sargent Investment Group LLC Invests $445,000 in Exelon Co. (NASDAQ:EXC)

Sargent Investment Group LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, Holdings Channel reports. The fund acquired 11,850 shares of the company’s stock, valued at approximately $445,000.

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

Insider Transactions at Exelon

In other 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 transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on EXC shares. Barclays decreased their price target on 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 target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley cut their price objective 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. Finally, Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $43.13.

Exelon Price Performance

EXC opened at $41.04 on Thursday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.26. 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 business’s fifty day simple moving average is $38.27 and its 200-day simple moving average is $38.63. The company has a market capitalization of $41.24 billion, a price-to-earnings ratio of 16.89, 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.