Miller Howard Investments Inc. NY Lowers Stake in Exelon Co. (NASDAQ:EXC)

Miller Howard Investments Inc. NY decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,362,410 shares of the company’s stock after selling 73,708 shares during the period. Exelon accounts for approximately 1.7% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 22nd largest holding. Miller Howard Investments Inc. NY’s holdings in Exelon were worth $51,281,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC grew its holdings in 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 stake in shares of Exelon during the 4th quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon during the 3rd quarter worth $32,000. Crews Bank & Trust acquired a new stake in shares of Exelon during the 4th quarter worth $34,000. Finally, Versant Capital Management Inc boosted its holdings in Exelon by 56.7% in 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. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $41.31 on Friday. The company’s fifty day moving average price is $38.37 and its two-hundred day moving average price is $38.72. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $41.51 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.74 and a beta of 0.56. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays dropped their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.13.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

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.