Exelon (NASDAQ:EXC) Sets New 52-Week High – Still a Buy?

Shares of Exelon Co. (NASDAQ:EXC) reached a new 52-week high during trading on Tuesday . The company traded as high as $41.88 and last traded at $41.80, with a volume of 7279012 shares. The stock had previously closed at $41.31.

Analysts Set New Price Targets

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

Exelon Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $42.00 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.74 and a beta of 0.56. The company has a 50 day simple moving average of $38.37 and a 200-day simple moving average of $38.74.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Exelon

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Exelon by 1.6% in the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after purchasing an additional 403,542 shares in the last quarter. FMR LLC raised its stake in shares of Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Exelon by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after purchasing an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Exelon by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,729,004 shares of the company’s stock worth $253,280,000 after purchasing an additional 282,596 shares during the period. 80.92% of the stock is currently owned by institutional investors.

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.