Brokerages Set Exelon Co. (NASDAQ:EXC) Price Target at $41.25

Exelon Co. (NASDAQ:EXC) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.55.

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank upped their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday. 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 for the company. Finally, Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd.

Exelon Stock Performance

Shares of Exelon stock opened at $36.87 on Wednesday. The business’s 50 day moving average price is $39.02 and its 200 day moving average price is $37.88. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.63 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon has a one year low of $33.35 and a one year high of $41.42.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts predict that Exelon will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its stake in shares of Exelon by 10.4% during the second quarter. Sequoia Financial Advisors LLC now owns 23,378 shares of the company’s stock worth $809,000 after purchasing an additional 2,208 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Exelon by 5.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 116,631 shares of the company’s stock worth $4,037,000 after acquiring an additional 6,404 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Exelon by 56.6% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 22,800 shares of the company’s stock valued at $789,000 after acquiring an additional 8,238 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Exelon during the 2nd quarter worth about $99,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Exelon by 20.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,783 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,991 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.