USS Investment Management Ltd decreased its position in Exelon Co. (NYSE:EXC) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 175,500 shares of the energy giant’s stock after selling 25,000 shares during the quarter. USS Investment Management Ltd’s holdings in Exelon were worth $6,921,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Optimum Investment Advisors increased its position in shares of Exelon by 0.4% in the second quarter. Optimum Investment Advisors now owns 12,708 shares of the energy giant’s stock valued at $458,000 after acquiring an additional 51 shares during the period. Sandy Spring Bank increased its position in shares of Exelon by 10.1% during the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares during the period. Eaton Vance Management increased its position in shares of Exelon by 1.5% during the second quarter. Eaton Vance Management now owns 38,692 shares of the energy giant’s stock valued at $1,396,000 after buying an additional 558 shares during the period. Nicholas Hoffman & Company LLC. increased its position in shares of Exelon by 1.6% during the second quarter. Nicholas Hoffman & Company LLC. now owns 36,395 shares of the energy giant’s stock valued at $1,313,000 after buying an additional 565 shares during the period. Finally, First Allied Advisory Services Inc. increased its position in shares of Exelon by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 29,958 shares of the energy giant’s stock valued at $1,083,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. SunTrust Banks reiterated a “buy” rating and set a $41.00 price target on shares of Exelon in a research report on Thursday, October 12th. Goldman Sachs Group cut shares of Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price target on the stock. in a research report on Wednesday, October 11th. JPMorgan Chase & Co. boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, Mizuho assumed coverage on shares of Exelon in a research report on Friday, December 15th. They set an “underperform” rating and a $36.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Exelon has an average rating of “Buy” and an average price target of $40.53.

In related news, Chairman Mayo A. Shattuck III sold 567,070 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $40.12, for a total transaction of $22,750,848.40. Following the sale, the chairman now owns 746,986 shares of the company’s stock, valued at $29,969,078.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,916,789.30. The disclosure for this sale can be found here. Insiders have sold 1,287,788 shares of company stock worth $51,778,749 in the last three months. 0.70% of the stock is currently owned by insiders.

Shares of Exelon Co. (NYSE:EXC) opened at $38.47 on Wednesday. Exelon Co. has a 52 week low of $33.30 and a 52 week high of $42.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. The company has a market cap of $36,960.00, a PE ratio of 17.25, a P/E/G ratio of 3.09 and a beta of 0.30.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Exelon had a return on equity of 8.19% and a net margin of 6.59%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the previous year, the firm earned $0.91 EPS. The company’s revenue was down 2.6% on a year-over-year basis. analysts expect that Exelon Co. will post 2.66 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “USS Investment Management Ltd Has $6.92 Million Holdings in Exelon Co. (EXC)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.dailypolitical.com/2018/01/17/uss-investment-management-ltd-has-6-92-million-holdings-in-exelon-co-exc.html.

Exelon Company Profile

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.