Exelon (NASDAQ:EXC) Reaches New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research reports. Barclays cut their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank upped their target price on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Trading Up 1.2 %

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

Insiders Place Their Bets

In other Exelon 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 value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares in the company, 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Exelon during the 2nd quarter valued at about $1,215,000. Czech National Bank boosted its position in shares of Exelon by 6.9% during the third quarter. Czech National Bank now owns 203,710 shares of the company’s stock valued at $8,260,000 after buying an additional 13,173 shares during the last quarter. GAMMA Investing LLC grew its holdings in Exelon by 29.7% during the third quarter. GAMMA Investing LLC now owns 15,778 shares of the company’s stock worth $640,000 after buying an additional 3,616 shares in the last quarter. Diversified Trust Co raised its position in Exelon by 85.8% in the 3rd quarter. Diversified Trust Co now owns 37,517 shares of the company’s stock valued at $1,521,000 after buying an additional 17,327 shares during the last quarter. Finally, Marion Wealth Management bought a new position in Exelon during the 3rd quarter valued at $226,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Company Profile

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.