Exelon Co. (NASDAQ:EXC) Given Average Rating of “Hold” by Brokerages

Exelon Co. (NASDAQ:EXC) has been assigned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $41.25.

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Barclays increased their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th.

Institutional Trading of Exelon

A number of hedge funds have recently modified their holdings of EXC. J.Safra Asset Management Corp purchased a new stake in shares of Exelon during the second quarter worth $28,000. American National Bank & Trust raised its holdings in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares in the last quarter. Abound Wealth Management raised its holdings in shares of Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon during the third quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Exelon during the second quarter worth $41,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.3 %

Shares of Exelon stock opened at $37.32 on Wednesday. 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 business’s 50 day simple moving average is $39.32 and its 200-day simple moving average is $37.87. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.70 and a beta of 0.54. Exelon has a twelve month low of $33.35 and a twelve month high of $41.42.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Equities research analysts forecast that Exelon will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.07%. Exelon’s payout ratio is currently 62.55%.

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.