Exelon Co. (NASDAQ:EXC) Receives $41.25 Average Target Price from Brokerages

Exelon Co. (NASDAQ:EXC) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $41.42.

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

Exelon Stock Performance

EXC stock opened at $36.87 on Wednesday. The firm has a 50-day simple moving average of $39.02 and a two-hundred day simple moving average of $37.86. 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. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.62 and a beta of 0.54.

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

Exelon Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EXC. Los Angeles Capital Management LLC raised its position in shares of 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 acquiring an additional 3,115,763 shares during the period. State Street Corp raised its holdings in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. FMR LLC boosted its position in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after purchasing an additional 1,021,731 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Exelon by 101.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock valued at $54,539,000 after buying an additional 678,490 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

About Exelon

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.