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

Exelon (NASDAQ:EXC) had its price target dropped by Barclays from $44.00 to $42.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 7.03% from the stock’s current price.

Several other equities analysts have also recently issued reports on EXC. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research report on Tuesday. Finally, 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 research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Stock Up 0.1 %

EXC opened at $39.24 on Wednesday. Exelon has a 12 month low of $33.35 and a 12 month high of $41.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The stock has a market cap of $39.43 billion, a P/E ratio of 16.15, a P/E/G ratio of 2.69 and a beta of 0.55. The stock’s 50 day moving average price is $38.09 and its 200 day moving average price is $38.32.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Exelon will post 2.46 earnings per share for the current year.

Institutional Trading of Exelon

Hedge funds and other institutional investors have recently modified their holdings of the business. American National Bank & Trust boosted its position in shares of Exelon by 178.8% in the third 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 period. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon in the third quarter worth $32,000. Crews Bank & Trust acquired a new stake in shares of Exelon in the fourth quarter worth $34,000. Versant Capital Management Inc raised its holdings in shares of Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Exelon during the second quarter worth $57,000. Institutional investors and hedge funds 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.