Exelon (NASDAQ:EXC) Price Target Raised to $48.00 at Morgan Stanley

Exelon (NASDAQ:EXC) had its target price upped by stock analysts at Morgan Stanley from $46.00 to $48.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 9.59% from the company’s current price.

Several other research firms also recently issued reports on EXC. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Scotiabank lifted their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon Price Performance

Shares of EXC opened at $43.80 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a market cap of $44.03 billion, a PE ratio of 17.88, a PEG ratio of 2.86 and a beta of 0.51. Exelon has a 12-month low of $34.01 and a 12-month high of $45.20. The business has a 50-day simple moving average of $41.97 and a two-hundred day simple moving average of $39.95.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (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 period in the prior year, the company earned $0.60 earnings per share. Analysts anticipate that Exelon will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Exelon

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

Hedge Funds Weigh In On Exelon

Institutional investors and hedge funds have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC boosted its holdings in Exelon by 10.1% in the third quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after acquiring an additional 638 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock valued at $689,000 after purchasing an additional 1,367 shares in the last quarter. Caprock Group LLC boosted its position in shares of Exelon by 20.8% during the third quarter. Caprock Group LLC now owns 39,459 shares of the company’s stock valued at $1,600,000 after buying an additional 6,789 shares during the last quarter. Prospera Financial Services Inc grew its holdings in Exelon by 16.9% during the third quarter. Prospera Financial Services Inc now owns 11,511 shares of the company’s stock worth $467,000 after buying an additional 1,661 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Exelon by 2.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 15,443 shares of the company’s stock valued at $626,000 after buying an additional 345 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

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.