Exelon (NASDAQ:EXC) Price Target Raised to $47.00

Exelon (NASDAQ:EXC) had its price target increased by analysts at UBS Group from $45.00 to $47.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 7.31% from the stock’s current price.

A number of other research firms also recently weighed in on EXC. Scotiabank raised their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley raised their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Exelon Stock Down 1.8 %

NASDAQ:EXC opened at $43.80 on Friday. 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 50-day simple moving average of $41.97 and a 200 day simple moving average of $39.96. The company 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 52-week low of $34.01 and a 52-week high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $0.60 earnings per share. On average, sell-side analysts expect that Exelon will post 2.64 EPS for the current fiscal year.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction 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. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Exelon

Hedge funds have recently added to or reduced their stakes in the company. Czech National Bank lifted its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock worth $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock worth $61,158,000 after purchasing an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC lifted its holdings in Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after purchasing an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the last quarter. Finally, State Street Corp lifted its holdings in Exelon by 3.7% during 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 last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

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.