Mirae Asset Global Investments Co. Ltd. Purchases 34,217 Shares of Exelon Co. (NASDAQ:EXC)

Mirae Asset Global Investments Co. Ltd. lifted its position in Exelon Co. (NASDAQ:EXC) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 289,872 shares of the company’s stock after buying an additional 34,217 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Exelon were worth $10,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXC. Sanctuary Advisors LLC bought a new position in shares of Exelon in the second quarter worth approximately $1,215,000. Czech National Bank lifted its stake in shares of Exelon by 6.9% in the third quarter. Czech National Bank now owns 203,710 shares of the company’s stock worth $8,260,000 after buying an additional 13,173 shares in the last quarter. Brookstone Capital Management lifted its position in Exelon by 1.9% during the third quarter. Brookstone Capital Management now owns 50,908 shares of the company’s stock valued at $2,064,000 after purchasing an additional 939 shares during the period. CWM LLC lifted its position in Exelon by 1.0% during the third quarter. CWM LLC now owns 38,377 shares of the company’s stock valued at $1,556,000 after purchasing an additional 379 shares during the period. Finally, Wedmont Private Capital bought a new position in Exelon during the third quarter valued at approximately $208,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.2 %

EXC opened at $41.12 on Friday. The firm’s 50 day simple moving average is $38.30 and its two-hundred day simple moving average is $38.65. 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 company has a market capitalization of $41.32 billion, a PE ratio of 16.92, a PEG ratio of 2.66 and a beta of 0.56. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.26.

Analyst Ratings Changes

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

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 shares were sold at an average price of $40.57, for a total value 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 $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.