Analysts Set Exelon Co. (NASDAQ:EXC) PT at $42.00

Shares of Exelon Co. (NASDAQ:EXC) have received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned 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 $42.00.

EXC has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Scotiabank boosted their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. UBS Group increased their target price 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 target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Barclays increased their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th.

Institutional Investors Weigh In On Exelon

Several large investors have recently added to or reduced their stakes in the stock. Pensionfund Sabic boosted its holdings in shares of Exelon by 27.7% in the 4th quarter. Pensionfund Sabic now owns 41,500 shares of the company’s stock worth $1,562,000 after purchasing an additional 9,000 shares during the period. Nordea Investment Management AB boosted its stake in Exelon by 418.1% during the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after buying an additional 2,018,604 shares during the period. Centre Asset Management LLC increased its position in Exelon by 7.5% during the fourth quarter. Centre Asset Management LLC now owns 7,351 shares of the company’s stock valued at $277,000 after acquiring an additional 510 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after acquiring an additional 379 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after acquiring an additional 3,068,309 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 0.7 %

Shares of EXC stock opened at $37.53 on Friday. The company has a 50 day simple moving average of $38.05 and a two-hundred day simple moving average of $38.04. The stock has a market cap of $37.71 billion, a P/E ratio of 15.44, a P/E/G ratio of 2.63 and a beta of 0.55. Exelon has a 12 month low of $33.35 and a 12 month high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced 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 company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts expect that Exelon will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. Exelon’s payout ratio is currently 62.55%.

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.