Exelon (NASDAQ:EXC) Price Target Lowered to $44.00 at Morgan Stanley

Exelon (NASDAQ:EXC) had its price target lowered by Morgan Stanley from $46.00 to $44.00 in a research report sent to investors on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities research analysts have also issued reports on the company. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Finally, Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Trading Up 1.1 %

NASDAQ EXC opened at $39.13 on Friday. The firm has a market capitalization of $39.32 billion, a P/E ratio of 16.10, a PEG ratio of 2.76 and a beta of 0.54. The business has a fifty day simple moving average of $39.61 and a 200 day simple moving average of $37.84. Exelon has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. On average, analysts predict that Exelon will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.88%. Exelon’s dividend payout ratio is currently 62.55%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EXC. Acadian Asset Management LLC bought a new position in Exelon in the 1st quarter worth about $681,000. O Shaughnessy Asset Management LLC boosted its stake in Exelon by 18.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 32,634 shares of the company’s stock worth $1,226,000 after purchasing an additional 5,133 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Exelon during the 1st quarter valued at about $247,000. EP Wealth Advisors LLC boosted its position in shares of Exelon by 12.1% during the 1st quarter. EP Wealth Advisors LLC now owns 10,367 shares of the company’s stock valued at $390,000 after acquiring an additional 1,123 shares during the last quarter. Finally, BOKF NA boosted its position in shares of Exelon by 7.6% during the 1st quarter. BOKF NA now owns 17,722 shares of the company’s stock valued at $660,000 after acquiring an additional 1,257 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

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.