Stevens Capital Management LP Has Cut Its Exelon (EXC) Holding; Covington Capital Management Lowered Its Target (TGT) Position

February 15, 2018 - By Vivian Park

Stevens Capital Management Lp decreased Exelon Corp (EXC) stake by 70.61% reported in 2017Q3 SEC filing. Stevens Capital Management Lp sold 135,628 shares as Exelon Corp (EXC)’s stock declined 1.46%. The Stevens Capital Management Lp holds 56,449 shares with $2.13 million value, down from 192,077 last quarter. Exelon Corp now has $35.64 billion valuation. The stock increased 1.34% or $0.49 during the last trading session, reaching $37.09. About 2.24M shares traded. Exelon Corporation (NYSE:EXC) has risen 2.57% since February 15, 2017 and is uptrending. It has underperformed by 14.13% the S&P500.

Covington Capital Management decreased Target Corp (TGT) stake by 37.32% reported in 2017Q3 SEC filing. Covington Capital Management sold 43,729 shares as Target Corp (TGT)’s stock declined 14.90%. The Covington Capital Management holds 73,451 shares with $4.33M value, down from 117,180 last quarter. Target Corp now has $41.04 billion valuation. The stock increased 0.20% or $0.15 during the last trading session, reaching $75.5. About 1.45M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 15, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Analysts await Target Corporation (NYSE:TGT) to report earnings on February, 27. They expect $1.19 EPS, down 17.93% or $0.26 from last year’s $1.45 per share. TGT’s profit will be $646.86 million for 15.86 P/E if the $1.19 EPS becomes a reality. After $0.91 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Among 28 analysts covering Target Corporation (NYSE:TGT), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Target Corporation had 83 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Target Corporation (NYSE:TGT) on Tuesday, January 9 with “Hold” rating. Barclays Capital upgraded the stock to “Hold” rating in Friday, January 5 report. On Wednesday, August 26 the stock rating was maintained by BMO Capital Markets with “Hold”. Susquehanna upgraded the shares of TGT in report on Wednesday, January 10 to “Positive” rating. M Partners maintained the shares of TGT in report on Thursday, August 20 with “Neutral” rating. The rating was initiated by Miller Tabak with “Buy” on Friday, July 29. Robert W. Baird maintained the shares of TGT in report on Tuesday, January 2 with “Hold” rating. On Monday, June 19 the stock rating was maintained by UBS with “Hold”. Jefferies maintained the shares of TGT in report on Tuesday, October 3 with “Hold” rating. Bank of America maintained Target Corporation (NYSE:TGT) on Tuesday, January 9 with “Buy” rating.

Covington Capital Management increased Ishares Tr (EFA) stake by 32,161 shares to 226,575 valued at $15.52 million in 2017Q3. It also upped Mondelez Intl Inc (NASDAQ:MDLZ) stake by 8,933 shares and now owns 251,471 shares. Home Depot Inc (NYSE:HD) was raised too.

Among 21 analysts covering Exelon Corporation (NYSE:EXC), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. Exelon Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by Goldman Sachs on Wednesday, October 11. The firm has “Buy” rating by Jefferies given on Wednesday, October 11. The firm earned “Hold” rating on Thursday, February 8 by Mizuho. BMO Capital Markets maintained it with “Hold” rating and $3700 target in Wednesday, August 2 report. The firm earned “Overweight” rating on Tuesday, August 16 by JP Morgan. The rating was downgraded by Wells Fargo on Wednesday, April 5 to “Market Perform”. Deutsche Bank downgraded it to “Hold” rating and $36 target in Monday, April 18 report. The firm has “Buy” rating given on Monday, September 14 by Suntrust Robinson. Jefferies maintained the shares of EXC in report on Tuesday, September 5 with “Buy” rating. As per Wednesday, January 27, the company rating was upgraded by Citigroup.

Since September 11, 2017, it had 0 buys, and 3 selling transactions for $24.20 million activity. Aliabadi Paymon also sold $510,787 worth of Exelon Corporation (NYSE:EXC) shares. Cornew Kenneth W. sold $936,000 worth of stock. On Wednesday, October 25 SHATTUCK MAYO A III sold $22.75 million worth of Exelon Corporation (NYSE:EXC) or 567,070 shares.

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