Exelon Co. (NASDAQ:EXC) Receives $41.33 Average Price Target from Brokerages

Exelon Co. (NASDAQ:EXC) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $41.33.

Several brokerages have recently issued reports on EXC. Barclays upped their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. 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 objective on the stock. Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley raised their price target on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

Exelon Price Performance

Shares of Exelon stock opened at $40.71 on Tuesday. The firm has a market cap of $40.73 billion, a PE ratio of 16.75, a PEG ratio of 2.93 and a beta of 0.53. The stock has a 50 day moving average of $39.38 and a 200 day moving average of $37.59. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the company earned $0.41 EPS. On average, research analysts expect that Exelon will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.73%. Exelon’s dividend payout ratio (DPR) is 62.55%.

Institutional Trading of Exelon

A number of large investors have recently modified their holdings of EXC. Vanguard Group Inc. lifted its stake in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Exelon by 2.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after purchasing an additional 113,428 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Exelon by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after buying an additional 193,223 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after buying an additional 3,115,763 shares in the last quarter. Hedge funds and other 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.