Exelon (NASDAQ:EXC) Price Target Cut to $44.00 by Analysts at Morgan Stanley

Exelon (NASDAQ:EXC) had its price target lowered by stock analysts at Morgan Stanley from $46.00 to $44.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 12.73% from the company’s previous close.

A number of other analysts have also weighed in on EXC. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and an average price target of $41.25.

Exelon Trading Down 0.7 %

Shares of Exelon stock traded down $0.28 during trading on Friday, reaching $39.03. The company’s stock had a trading volume of 1,122,335 shares, compared to its average volume of 6,729,135. The company has a market cap of $39.22 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.79 and a beta of 0.54. The firm’s 50-day moving average is $39.67 and its two-hundred day moving average is $37.83. Exelon has a 52-week low of $33.35 and a 52-week high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, sell-side analysts anticipate that Exelon will post 2.45 earnings per share for the current year.

Institutional Trading of Exelon

Several hedge funds have recently bought and sold shares of EXC. Czech National Bank lifted its position in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after buying an additional 15,389 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Exelon during the 1st quarter worth approximately $681,000. Andra AP fonden boosted its position in shares of Exelon by 56.4% during the 2nd quarter. Andra AP fonden now owns 138,100 shares of the company’s stock valued at $4,780,000 after acquiring an additional 49,800 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Exelon by 33.6% in the first quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after purchasing an additional 14,366 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Exelon by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock worth $52,249,000 after purchasing an additional 16,661 shares during the last quarter. Hedge funds and other institutional investors 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.