Analysts Set Exelon Co. (NASDAQ:EXC) Price Target at $41.33

Exelon Co. (NASDAQ:EXC) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.25.

A number of research firms have commented on EXC. UBS Group raised their target price 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. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company upped their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd.

Exelon Stock Performance

EXC opened at $38.71 on Friday. Exelon has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a market cap of $38.90 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $39.64 and its 200 day moving average is $37.83.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Exelon will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.93%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Hedge Funds Weigh In On Exelon

Several large investors have recently modified their holdings of EXC. Foundations Investment Advisors LLC boosted its stake in Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after buying an additional 255 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after purchasing an additional 274 shares during the last quarter. Black Diamond Financial LLC raised its position in Exelon by 2.0% in the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock worth $487,000 after purchasing an additional 279 shares during the period. Ballentine Partners LLC lifted its stake in Exelon by 2.1% in the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after purchasing an additional 285 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in shares of Exelon by 3.3% during the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after buying an additional 304 shares during the period. Institutional investors own 80.92% of the company’s stock.

About Exelon

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.