Exelon Corp. (EXC) Sets New 1-Year High at $37.46
Exelon Corp. (NYSE:EXC) reached a new 52-week high on Monday . The stock traded as high as $37.46 and last traded at $37.35, with a volume of 2,199,123 shares. The stock had previously closed at $37.41.
Several research firms recently weighed in on EXC. Zacks Investment Research raised shares of Exelon Corp. from a “sell” rating to a “hold” rating in a report on Monday. Deutsche Bank AG downgraded shares of Exelon Corp. from a “buy” rating to a “hold” rating and upped their price target for the company from $34.00 to $36.00 in a report on Monday, April 18th. They noted that the move was a valuation call. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $37.00 price target (up from $34.70) on shares of Exelon Corp. in a report on Monday, April 11th. Jefferies Group reissued a “buy” rating and issued a $40.00 price target (up from $36.00) on shares of Exelon Corp. in a report on Tuesday, May 10th. Finally, Bank of America Corp. reissued a “hold” rating and issued a $35.00 price target on shares of Exelon Corp. in a report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.85.
The stock has a market cap of $34.46 billion and a PE ratio of 19.3727. The company has a 50-day moving average price of $35.47 and a 200-day moving average price of $33.49.
Exelon Corp. (NYSE:EXC) last announced its quarterly earnings data on Friday, May 6th. The energy giant reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. During the same period last year, the business earned $0.71 earnings per share. Analysts expect that Exelon Corp. will post $2.53 EPS for the current fiscal year.
In related news, Chairman Mayo A. Shattuck III sold 327,000 shares of Exelon Corp. 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 in the company, valued at $26,861,111.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kenneth W. Cornew sold 30,000 shares of Exelon Corp. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $36.47, for a total value of $1,094,100.00. Following the completion of the sale, the chief executive officer now owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in the company. ARGI Investment Services LLC raised its stake in shares of 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. Twin Capital Management Inc. raised its stake in shares of 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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. Schroder Investment Management Group purchased a new stake in shares of Exelon Corp. during the fourth quarter worth approximately $1,728,000. Finally, OppenheimerFunds Inc. purchased a new stake in shares of Exelon Corp. during the fourth quarter worth approximately $1,821,000.
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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