Shares of Exelon Corp. (NYSE:EXC) hit a new 52-week high on Tuesday . The stock traded as high as $36.68 and last traded at $36.51, with a volume of 2,975,422 shares traded. The stock had previously closed at $36.40.

EXC has been the subject of several recent research reports. Deutsche Bank AG cut Exelon Corp. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $34.00 to $36.00 in a report on Monday, April 18th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on Exelon Corp. in a report on Wednesday, April 6th. They set an “equal weight” rating and a $38.00 price objective for the company. Zacks Investment Research cut Exelon Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Wolfe Research cut Exelon Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 24th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $37.00 price target (up from $34.70) on shares of Exelon Corp. in a research note on Monday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.54.

The company has a market capitalization of $33.88 billion and a P/E ratio of 19.05. The company’s 50 day moving average is $35.03 and its 200-day moving average is $33.12.

Exelon Corp. (NYSE:EXC) last released its quarterly earnings data on Friday, May 6th. The energy giant reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. During the same period in the prior year, the business earned $0.71 EPS. On average, analysts forecast that Exelon Corp. will post $2.50 earnings per share for the current year.

In related news, Chairman Mayo A. Shattuck III sold 327,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $35.30, for a total transaction of $11,543,100.00. Following the sale, the chairman now directly owns 760,938 shares in the company, valued at approximately $26,861,111.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other hedge funds recently added to or reduced their stakes in the company. ARGI Investment Services LLC raised its stake in Exelon Corp. by 246.9% in the fourth quarter. ARGI Investment Services LLC now owns 39,895 shares of the energy giant’s stock worth $1,108,000 after buying an additional 28,395 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Exelon Corp. by 85.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 50,464 shares of the energy giant’s stock worth $1,401,000 after buying an additional 23,196 shares during the last quarter. Private Advisor Group LLC raised its stake in Exelon Corp. by 29.9% in the fourth quarter. Private Advisor Group LLC now owns 51,959 shares of the energy giant’s stock worth $1,443,000 after buying an additional 11,972 shares during the last quarter. Twin Capital Management Inc. raised its stake in Exelon Corp. by 26.1% in the fourth quarter. Twin Capital Management Inc. now owns 57,200 shares of the energy giant’s stock worth $1,588,000 after buying an additional 11,850 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Exelon Corp. by 8.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,080 shares of the energy giant’s stock worth $1,668,000 after buying an additional 4,721 shares during the last quarter.

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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