Analysts Set Exelon Co. (NASDAQ:EXC) Price Target at $41.25

Shares of Exelon Co. (NASDAQ:EXC) have received an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.42.

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

Exelon Price Performance

EXC opened at $36.87 on Wednesday. Exelon has a 1 year low of $33.35 and a 1 year high of $41.42. The stock has a 50-day moving average price of $39.02 and a 200-day moving average price of $37.86. The firm has a market cap of $37.05 billion, a PE ratio of 15.17, a P/E/G ratio of 2.62 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company earned $0.67 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Exelon will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

Institutional Trading of Exelon

Several institutional investors and hedge funds have recently modified their holdings of EXC. J.Safra Asset Management Corp purchased a new position in Exelon during the 2nd quarter valued at about $28,000. American National Bank & Trust boosted its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. Abound Wealth Management increased its holdings in Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after buying an additional 744 shares during the period. Ashton Thomas Securities LLC bought a new position in Exelon in the third quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Exelon during the second quarter worth $41,000. Institutional investors own 80.92% of the company’s stock.

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.