Exelon Co. (NASDAQ:EXC) Receives $39.82 Consensus PT from Analysts

Exelon Co. (NASDAQ:EXC) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.82.

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of 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 price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Scotiabank upped their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th.

Institutional Investors Weigh In On Exelon

A number of large investors have recently bought and sold shares of EXC. Lazard Asset Management LLC grew its holdings in Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Vanguard Group Inc. grew its holdings in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Norges Bank bought a new position in shares of Exelon in the fourth quarter valued at $382,015,000. Los Angeles Capital Management LLC lifted its stake in shares of Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after buying an additional 3,115,763 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Exelon in the first quarter valued at $96,859,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $38.89 on Monday. The company has a market cap of $38.91 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.76 and a beta of 0.53. 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 has a 50 day simple moving average of $36.68 and a 200 day simple moving average of $36.75. Exelon has a one year low of $33.35 and a one year high of $42.15.

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

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Monday, August 12th. Exelon’s payout ratio is 65.52%.

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.