Exelon (NASDAQ:EXC) Price Target Increased to $43.00 by Analysts at UBS Group

Exelon (NASDAQ:EXC) had its price objective lifted by UBS Group from $40.00 to $43.00 in a report published on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages have also commented on EXC. Morgan Stanley raised their price objective on Exelon from $39.00 to $42.00 and gave the company an equal weight rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their target price on shares of Exelon from $40.00 to $42.00 and gave the company an equal weight rating in a research note on Friday, August 2nd. Barclays upped their target price on shares of Exelon from $39.00 to $41.00 and gave the company an overweight rating in a research note on Monday, July 22nd. Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the company a sector perform rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They set a buy rating and a $46.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $40.83.

Exelon Stock Up 0.3 %

Shares of NASDAQ EXC opened at $40.40 on Friday. Exelon has a one year low of $33.35 and a one year high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm’s 50 day simple moving average is $37.93 and its two-hundred day simple moving average is $37.08. The stock has a market capitalization of $40.40 billion, a P/E ratio of 17.41, a PEG ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter last year, the business earned $0.41 earnings per share. As a group, analysts expect that Exelon will post 2.44 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. Exelon’s dividend payout ratio is currently 65.52%.

Hedge Funds Weigh In On Exelon

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Exelon in the second quarter valued at approximately $1,215,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Exelon during the second quarter worth $57,000. Granite Bay Wealth Management LLC purchased a new position in shares of Exelon during the second quarter worth $698,000. Quarry LP raised its holdings in shares of Exelon by 649.7% during the second quarter. Quarry LP now owns 5,263 shares of the company’s stock worth $182,000 after purchasing an additional 4,561 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Exelon by 1.5% during the second quarter. NewEdge Advisors LLC now owns 31,654 shares of the company’s stock worth $1,096,000 after purchasing an additional 455 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

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.