Exelon Co. (NASDAQ:EXC) Receives $42.00 Consensus Target Price from Brokerages

Exelon Co. (NASDAQ:EXC) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.38.

Several brokerages recently weighed in on EXC. Morgan Stanley dropped their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Scotiabank upped their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th.

Hedge Funds Weigh In On Exelon

Institutional investors have recently bought and sold shares of the company. American National Bank & Trust raised its position in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the period. Abound Wealth Management raised its holdings in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after acquiring an additional 744 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon during the third quarter worth $32,000. Versant Capital Management Inc boosted its holdings in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Exelon in the second quarter valued at $41,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.8 %

Shares of NASDAQ:EXC opened at $38.19 on Friday. The firm has a market cap of $38.37 billion, a P/E ratio of 15.72, a PEG ratio of 2.63 and a beta of 0.55. Exelon has a 52-week low of $33.35 and a 52-week high of $41.19. The business’s 50 day simple moving average is $38.00 and its two-hundred day simple moving average is $38.04. 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 (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm posted $0.67 EPS. Exelon’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Exelon will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio is 62.55%.

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.