Exelon Corp. (EXC) Hits New 52-Week High at $36.50
Exelon Corp. (NYSE:EXC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.50 and last traded at $36.45, with a volume of 1,893,818 shares changing hands. The stock had previously closed at $36.21.
Several equities analysts have commented on EXC shares. Deutsche Bank AG reissued a “buy” rating and set a $34.00 target price on shares of Exelon Corp. in a research note on Friday, March 11th. SunTrust Banks Inc. raised their target price on shares of Exelon Corp. from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, March 14th. Barclays PLC started coverage on shares of Exelon Corp. in a research note on Thursday, March 24th. They set an “overweight” rating and a $39.00 target price on the stock. Wolfe Research cut shares of Exelon Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 24th. Finally, Morgan Stanley began coverage on shares of Exelon Corp. in a research report on Wednesday, April 6th. They set an “equal weight” rating and a $38.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $35.54.
The firm has a market cap of $32.92 billion and a PE ratio of 18.51. The firm’s 50-day moving average is $34.75 and its 200 day moving average is $32.86.
Exelon Corp. (NYSE:EXC) last announced its quarterly earnings data on Friday, May 6th. The energy giant reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities research analysts expect that Exelon Corp. will post $2.50 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid a $0.318 dividend. The ex-dividend date was Wednesday, May 11th. This is a positive change from Exelon Corp.’s previous quarterly dividend of $0.31. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.56%.
In other news, Chairman Mayo A. Shattuck III sold 327,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $35.30, for a total value of $11,543,100.00. Following the completion of the sale, the chairman now directly owns 760,938 shares of the company’s stock, valued at approximately $26,861,111.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Other hedge funds recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Exelon Corp. by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 57,627,572 shares of the energy giant’s stock worth $1,600,318,000 after buying an additional 4,746,984 shares during the period. Bank of Montreal Can boosted its stake in shares of Exelon Corp. by 81.6% in the fourth quarter. Bank of Montreal Can now owns 6,420,688 shares of the energy giant’s stock worth $178,304,000 after buying an additional 2,884,175 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Exelon Corp. by 25.9% in the fourth quarter. Brandes Investment Partners LP now owns 4,146,174 shares of the energy giant’s stock worth $115,140,000 after buying an additional 853,309 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Exelon Corp. by 6.0% in the fourth quarter. New York State Common Retirement Fund now owns 3,002,368 shares of the energy giant’s stock worth $83,376,000 after buying an additional 171,178 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Exelon Corp. by 163.3% in the fourth quarter. Principal Financial Group Inc. now owns 2,970,321 shares of the energy giant’s stock worth $82,485,000 after buying an additional 1,842,226 shares during the period.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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