Exelon (NASDAQ:EXC) Reaches New 1-Year High – Here’s What Happened

Exelon Co. (NASDAQ:EXC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.24 and last traded at $41.13, with a volume of 2516697 shares trading hands. The stock had previously closed at $40.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays lowered their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Trading Up 1.2 %

The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $41.24 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.66 and a beta of 0.56. The firm has a 50 day simple moving average of $38.27 and a 200 day simple moving average of $38.63.

Insider Activity at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Exelon

A number of institutional investors have recently made changes to their positions in EXC. Stephens Consulting LLC grew its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon in the 3rd quarter valued at $32,000. Brown Lisle Cummings Inc. bought a new position in shares of Exelon during the 4th quarter valued at $30,000. Crews Bank & Trust purchased a new position in Exelon in the 4th quarter worth $34,000. Finally, Capital Advisors Ltd. LLC boosted its position in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after buying an additional 513 shares during the period. Institutional investors own 80.92% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.