Exelon Co. (NASDAQ:EXC) Given Average Recommendation of “Hold” by Analysts

Exelon Co. (NASDAQ:EXC) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $41.33.

A number of research firms have recently weighed in on EXC. Scotiabank boosted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley upped their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Finally, Wells Fargo & Company upped their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

Exelon Price Performance

EXC opened at $39.11 on Friday. The stock has a 50-day moving average price of $39.66 and a 200-day moving average price of $37.78. Exelon has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $39.30 billion, a P/E ratio of 16.09, a PEG ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the company posted $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Exelon will post 2.45 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, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. Exelon’s payout ratio is currently 62.55%.

Institutional Trading of Exelon

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC purchased a new stake in Exelon during the 1st quarter valued at $26,000. Versant Capital Management Inc boosted its stake in Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in Exelon during the 2nd quarter valued at $28,000. American National Bank & Trust boosted its stake in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Finally, Abound Wealth Management boosted its stake in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 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.