Analysts Set Exelon Co. (NASDAQ:EXC) PT at $41.33

Shares of Exelon Co. (NASDAQ:EXC) have earned an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.33.

Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock.

Institutional Trading of Exelon

Several hedge funds have recently added to or reduced their stakes in EXC. Vanguard Group Inc. raised its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares in the last quarter. Czech National Bank lifted its position in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after purchasing an additional 15,389 shares during the period. Acadian Asset Management LLC bought a new position in Exelon during the 1st quarter valued at $681,000. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Exelon during the 1st quarter valued at $2,621,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $38.73 on Friday. The firm’s fifty day moving average price is $39.68 and its 200 day moving average price is $37.82. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market capitalization of $38.92 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. Exelon has a 12-month low of $33.35 and a 12-month high of $41.42.

Exelon (NASDAQ:EXC) last issued 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. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share. Exelon’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts forecast that Exelon will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.92%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

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.