Exelon Co. (NYSE:EXC) has earned an average rating of “Buy” from the eighteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.00.
Several research firms recently weighed in on EXC. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Monday, November 26th. Barclays boosted their target price on Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. SunTrust Banks restated a “hold” rating and issued a $49.00 target price on shares of Exelon in a report on Tuesday, February 12th. Scotiabank restated a “buy” rating and issued a $50.00 target price on shares of Exelon in a report on Wednesday, February 13th. Finally, ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Friday, December 7th.
EXC opened at $50.00 on Wednesday. Exelon has a twelve month low of $37.45 and a twelve month high of $50.19. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 1.02. The company has a market capitalization of $48.12 billion, a P/E ratio of 16.03, a P/E/G ratio of 3.73 and a beta of 0.37.
Exelon (NYSE:EXC) last posted its earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts expect that Exelon will post 3.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 20th were issued a dividend of $0.3625 per share. The ex-dividend date of this dividend was Tuesday, February 19th. This is a positive change from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.90%. Exelon’s payout ratio is 46.47%.
In other news, EVP Joseph Nigro sold 53,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paymon Aliabadi sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.88, for a total value of $837,900.00. Following the transaction, the executive vice president now owns 67,548 shares of the company’s stock, valued at $3,234,198.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,800 shares of company stock valued at $4,352,142. Corporate insiders own 0.46% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Braun Bostich & Associates Inc. raised its stake in shares of Exelon by 51.7% in the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after purchasing an additional 209 shares in the last quarter. Cigna Investments Inc. New raised its stake in shares of Exelon by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 28,059 shares of the energy giant’s stock valued at $1,265,000 after purchasing an additional 252 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Exelon by 2.5% in the fourth quarter. WINTON GROUP Ltd now owns 10,802 shares of the energy giant’s stock valued at $487,000 after purchasing an additional 268 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Exelon by 2.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 13,516 shares of the energy giant’s stock valued at $610,000 after purchasing an additional 271 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its stake in shares of Exelon by 6.6% in the fourth quarter. OLD Second National Bank of Aurora now owns 4,513 shares of the energy giant’s stock valued at $204,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 79.45% of the company’s stock.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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