Exelon Co. (NASDAQ:EXC) Receives $45.00 Average Target Price from Analysts

Exelon Co. (NASDAQ:EXCGet Rating) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $45.00.

EXC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Exelon from $49.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. Morgan Stanley increased their target price on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. StockNews.com started coverage on Exelon in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Guggenheim cut their price target on Exelon from $49.00 to $40.00 in a report on Monday, October 24th. Finally, Credit Suisse Group started coverage on Exelon in a report on Wednesday, October 19th. They issued an “outperform” rating and a $39.00 price target for the company.

Hedge Funds Weigh In On Exelon

A number of hedge funds have recently modified their holdings of EXC. JJJ Advisors Inc. increased its holdings in Exelon by 30.2% during the 1st quarter. JJJ Advisors Inc. now owns 939 shares of the company’s stock valued at $45,000 after purchasing an additional 218 shares in the last quarter. SVB Wealth LLC increased its holdings in Exelon by 2.9% during the 1st quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock valued at $367,000 after purchasing an additional 219 shares in the last quarter. Quent Capital LLC increased its holdings in Exelon by 6.1% during the 1st quarter. Quent Capital LLC now owns 4,032 shares of the company’s stock valued at $192,000 after purchasing an additional 231 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Exelon by 2.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 10,691 shares of the company’s stock valued at $484,000 after purchasing an additional 237 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Exelon by 0.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 30,871 shares of the company’s stock valued at $1,399,000 after purchasing an additional 238 shares in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Performance

EXC opened at $39.87 on Tuesday. The stock has a 50-day moving average of $37.60 and a 200-day moving average of $41.90. Exelon has a 52-week low of $35.19 and a 52-week high of $50.71. The company has a market cap of $39.62 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.81.

Exelon (NASDAQ:EXCGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. Exelon had a return on equity of 10.12% and a net margin of 8.85%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 45.6% compared to the same quarter last year. As a group, equities research analysts forecast that Exelon will post 2.27 earnings per share for the current fiscal year.

Exelon Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be issued a $0.3375 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.39%. Exelon’s payout ratio is presently 62.50%.

About Exelon

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company 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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