Exelon Co. (NASDAQ:EXC) Receives $41.08 Average PT from Brokerages

Exelon Co. (NASDAQ:EXC) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.08.

Several analysts recently weighed in on EXC shares. Barclays raised their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley boosted their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th.

Institutional Investors Weigh In On Exelon

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Exelon by 5.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 141,586 shares of the company’s stock valued at $5,083,000 after purchasing an additional 7,215 shares during the last quarter. Congress Wealth Management LLC DE purchased a new position in shares of Exelon during the fourth quarter worth approximately $220,000. TD Asset Management Inc lifted its holdings in shares of Exelon by 2.3% in the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after acquiring an additional 23,270 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Exelon by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 441,232 shares of the company’s stock valued at $15,840,000 after purchasing an additional 4,310 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of Exelon by 124,566.7% in the 4th quarter. TFO Wealth Partners LLC now owns 7,480 shares of the company’s stock valued at $269,000 after purchasing an additional 7,474 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Up 1.1 %

NASDAQ:EXC opened at $40.38 on Friday. Exelon has a twelve month low of $33.35 and a twelve month high of $41.48. The firm has a market capitalization of $40.40 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average price is $38.25 and its two-hundred day moving average price is $37.17.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the previous year, the firm earned $0.41 EPS. Equities research analysts expect that Exelon will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. Exelon’s dividend payout ratio is currently 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.