Exelon Co. (NASDAQ:EXC) Receives $42.00 Consensus Price Target from Brokerages

Shares of Exelon Co. (NASDAQ:EXC) have been given an average rating of “Hold” by the eight analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $42.38.

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company.

Exelon Stock Performance

Shares of EXC stock opened at $37.30 on Friday. 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 has a 52 week low of $33.35 and a 52 week high of $41.19. The firm has a 50 day moving average of $37.98 and a 200-day moving average of $38.08. The company has a market cap of $37.48 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities 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, December 13th. Investors of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 4.08%. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Hedge Funds Weigh In On Exelon

Several institutional investors have recently added to or reduced their stakes in the stock. American National Bank & Trust raised its stake in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Exelon during the third quarter valued at about $32,000. Abound Wealth Management boosted its position in Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares during the period. Versant Capital Management Inc increased its stake in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Exelon in the second quarter valued at approximately $41,000. 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.