Brokerages Set Exelon Co. (NASDAQ:EXC) Price Target at $39.09

Exelon Co. (NASDAQ:EXC) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $39.09.

A number of research firms have recently weighed in on EXC. Morgan Stanley boosted their target price on shares of Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Scotiabank dropped their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets increased their price target on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Barclays lifted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th.

Hedge Funds Weigh In On Exelon

Several institutional investors have recently made changes to their positions in EXC. Crewe Advisors LLC bought a new stake in Exelon during the first quarter valued at about $26,000. Heritage Wealth Advisors grew its stake in Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after buying an additional 495 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Exelon during the 1st quarter valued at about $26,000. Fortis Group Advisors LLC purchased a new stake in Exelon in the third quarter valued at about $31,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Exelon in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of Exelon stock opened at $34.78 on Wednesday. The firm has a market cap of $34.78 billion, a PE ratio of 14.99, a PEG ratio of 2.55 and a beta of 0.52. The stock has a 50 day moving average of $37.00 and a 200 day moving average of $36.45. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. Exelon has a 12 month low of $33.35 and a 12 month high of $43.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. On average, research analysts expect that Exelon will post 2.42 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 10th. Exelon’s dividend payout ratio is presently 65.52%.

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.