Exelon (NASDAQ:EXC) Receives “In-Line” Rating from Evercore ISI

Evercore ISI restated their in-line rating on shares of Exelon (NASDAQ:EXC) in a report issued on Tuesday, Marketbeat reports. They currently have a $48.00 target price on the stock, up from their previous target price of $46.00.

A number of other equities research analysts have also issued reports on EXC. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. UBS Group increased their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Scotiabank lifted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays increased their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.63.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.74 on Tuesday. The company has a market capitalization of $47.19 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a fifty day moving average of $44.04 and a 200-day moving average of $40.68. Exelon has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that Exelon will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Exelon

Institutional investors have recently bought and sold shares of the stock. Centre Asset Management LLC raised its stake in Exelon by 3.2% during the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company’s stock worth $349,000 after acquiring an additional 233 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after purchasing an additional 275 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in Exelon by 3.1% during the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after purchasing an additional 296 shares during the last quarter. PFG Investments LLC boosted its position in Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after buying an additional 305 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after buying an additional 311 shares during the last quarter. Institutional investors and hedge funds 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.