Credit Suisse Remains a Buy on Exelon

By Austin Angelo

Credit Suisse analyst Michael Weinstein W. reiterated a Buy rating on Exelon (NYSE: EXC) on May 26 and set a price target of $42. The company’s shares closed last Friday at $35.82.

According to TipRanks.com, W. is a 1-star analyst with an average return of -0.9% and a 50.0% success rate. W. covers the Utilities sector, focusing on stocks such as Eversource Energy, Northwestern Corp, and Black Hills Corp.

Currently, the analyst consensus on Exelon is Moderate Buy and the average price target is $39.43, representing a 10.1% upside.

In a report issued on May 15, UBS also upgraded the stock to Buy with a $37.50 price target.

The company has a one year high of $37.70 and a one year low of $29.82. Currently, Exelon has an average volume of 5.1M.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXC in relation to earlier this year. Earlier this month, John W. Rogers, a Director at EXC bought 3,000 shares for a total of $100,710.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. The company operates through the following segments: ComEd, PECO, BGE, Generation’s Mid Atlantic, Midwest, New England, New York, ERCOT and other regions in Generation. The ComEd segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in northern Illinois, including the city of Chicago. The PEC segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in southeastern Pennsylvania, including the city of Philadelphia, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in the Pennsylvania counties surrounding the city of Philadelphia. The BG segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in central Maryland, including the city of Baltimore, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in central Maryland, including the city of Baltimore. The Generation business consists of the generation, physical delivery and marketing of power across multiple geographical regions through its customer-facing business, Constellation, which sells electricity and natural gas to both wholesale and retail customers. Exelon was founded in February 1999 and is headquartered in Chicago, IL.