Exelon (NASDAQ:EXC) Given New $42.00 Price Target at Scotiabank

Exelon (NASDAQ:EXC) had its price objective lifted by Scotiabank from $40.00 to $42.00 in a report released on Thursday morning,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently weighed in on the stock. Barclays upped their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley lowered 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. Finally, Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Exelon has an average rating of “Hold” and a consensus target price of $41.42.

Exelon Price Performance

Shares of NASDAQ EXC opened at $36.87 on Thursday. Exelon has a 1 year low of $33.35 and a 1 year high of $41.42. The stock has a market capitalization of $37.05 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.62 and a beta of 0.54. The company’s 50-day moving average is $39.02 and its 200 day moving average is $37.86. 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 announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Exelon will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.12%. Exelon’s payout ratio is 62.55%.

Institutional Investors Weigh In On Exelon

A number of large investors have recently added to or reduced their stakes in EXC. American National Bank & Trust boosted its stake in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Abound Wealth Management lifted its holdings in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after acquiring an additional 744 shares during the period. Ashton Thomas Securities LLC purchased a new position in Exelon in the third quarter worth about $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Exelon during the 2nd quarter valued at about $41,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Exelon during the 2nd quarter valued at about $57,000. 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.