Exelon (NASDAQ:EXC) Price Target Increased to $44.00 by Analysts at Barclays

Exelon (NASDAQ:EXC) had its price target lifted by Barclays from $41.00 to $44.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They issued a buy rating and a $46.00 target price for the company. Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a sector perform rating in a report on Tuesday, August 20th. Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company an equal weight rating in a research report on Friday, August 2nd. Morgan Stanley upped their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an equal weight rating in a research report on Wednesday, September 25th. Finally, UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a neutral rating in a report on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Exelon presently has a consensus rating of Hold and an average target price of $41.33.

Exelon Trading Up 1.6 %

NASDAQ EXC opened at $40.56 on Tuesday. The stock has a market cap of $40.56 billion, a PE ratio of 17.48, a PEG ratio of 2.86 and a beta of 0.53. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48. The company’s 50-day moving average price is $38.97 and its 200-day moving average price is $37.44. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Hedge Funds Weigh In On Exelon

Several hedge funds have recently modified their holdings of EXC. Register Financial Advisors LLC acquired a new position in shares of Exelon in the 1st quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in Exelon during the 1st quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Exelon in the second quarter worth about $28,000. Finally, American National Bank & Trust lifted its holdings in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds 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.