UBS Group Raises Exelon (NASDAQ:EXC) Price Target to $47.00

Exelon (NASDAQ:EXC) had its target price hoisted by equities research analysts at UBS Group from $45.00 to $47.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 7.31% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley raised their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Barclays raised their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon Price Performance

Shares of EXC stock opened at $43.80 on Friday. The stock’s fifty day moving average is $41.97 and its 200-day moving average is $39.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a market capitalization of $44.03 billion, a PE ratio of 17.88, a PEG ratio of 2.86 and a beta of 0.51. Exelon has a 52 week low of $34.01 and a 52 week high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period in the previous year, the business earned $0.60 EPS. Equities research analysts expect that Exelon will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Exelon

A number of hedge funds have recently modified their holdings of EXC. OneDigital Investment Advisors LLC raised its position in shares of Exelon by 10.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after purchasing an additional 638 shares during the period. Empowered Funds LLC raised its position in shares of Exelon by 8.8% during the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock worth $689,000 after purchasing an additional 1,367 shares during the period. Prospera Financial Services Inc raised its position in shares of Exelon by 16.9% during the third quarter. Prospera Financial Services Inc now owns 11,511 shares of the company’s stock worth $467,000 after purchasing an additional 1,661 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Exelon by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 315,954 shares of the company’s stock worth $12,812,000 after purchasing an additional 977 shares during the period. Finally, Commerce Bank grew its holdings in shares of Exelon by 1.4% during the third quarter. Commerce Bank now owns 49,290 shares of the company’s stock worth $1,999,000 after buying an additional 674 shares in the last quarter. 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.