Exelon Corp. (NYSE:EXC) was down 2.3% during trading on Thursday . The stock traded as low as $34.60 and last traded at $34.73, with a volume of 4,485,385 shares traded. The stock had previously closed at $35.53.

Several equities research analysts have recently commented on EXC shares. Deutsche Bank AG cut shares of Exelon Corp. from a “buy” rating to a “hold” rating and raised their target price for the stock from $34.00 to $36.00 in a research report on Monday, April 18th. They noted that the move was a valuation call. Citigroup Inc. raised their target price on shares of Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. Zacks Investment Research cut shares of Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Bank of America Corp. reaffirmed a “hold” rating and issued a $35.00 target price on shares of Exelon Corp. in a research report on Tuesday, May 24th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $40.00 target price (up from $36.00) on shares of Exelon Corp. in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $36.04.

The company has a 50 day moving average price of $36.23 and a 200 day moving average price of $34.37. The company has a market capitalization of $32.21 billion and a PE ratio of 18.11.

Exelon Corp. (NYSE:EXC) last issued its earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The company had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $7.30 billion. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. Equities research analysts anticipate that Exelon Corp. will post $2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, August 11th.

In other news, CEO Kenneth W. Cornew sold 30,000 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $36.47, for a total transaction of $1,094,100.00. Following the completion of the sale, the chief executive officer now directly owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds recently modified their holdings of the company. BlackRock Investment Management LLC raised its stake in shares of Exelon Corp. by 57.0% in the fourth quarter. BlackRock Investment Management LLC now owns 6,124,353 shares of the energy giant’s stock worth $170,073,000 after buying an additional 2,223,806 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Exelon Corp. by 53.9% in the fourth quarter. BlackRock Advisors LLC now owns 9,016,900 shares of the energy giant’s stock worth $250,399,000 after buying an additional 3,157,991 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Exelon Corp. by 6.9% in the fourth quarter. Utah Retirement Systems now owns 164,865 shares of the energy giant’s stock worth $4,578,000 after buying an additional 10,700 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Exelon Corp. by 0.5% in the fourth quarter. State of Tennessee Treasury Department now owns 542,098 shares of the energy giant’s stock worth $15,054,000 after buying an additional 2,571 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Exelon Corp. by 6.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 816,800 shares of the energy giant’s stock worth $22,683,000 after buying an additional 50,800 shares in 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.