Exelon (NASDAQ:EXC) Given New $41.00 Price Target at Barclays

Exelon (NASDAQ:EXC) had its target price boosted by Barclays from $39.00 to $41.00 in a research report released on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on EXC. BMO Capital Markets raised their target price on Exelon from $40.00 to $42.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. Morgan Stanley reduced their price objective on Exelon from $41.00 to $39.00 and set an equal weight rating for the company in a research note on Monday, June 24th. Scotiabank reduced their price objective on Exelon from $39.00 to $37.00 and set a sector perform rating for the company in a research note on Monday, April 22nd. StockNews.com upgraded Exelon from a sell rating to a hold rating in a research note on Monday, March 25th. Finally, Wells Fargo & Company lifted their price objective on Exelon from $39.00 to $40.00 and gave the company an equal weight rating in a research note on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Exelon has a consensus rating of Hold and a consensus target price of $39.09.

Exelon Stock Performance

Shares of EXC stock opened at $36.48 on Monday. The firm has a market capitalization of $36.48 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The business has a fifty day moving average of $35.87 and a 200 day moving average of $36.19. Exelon has a 1 year low of $33.35 and a 1 year high of $43.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. As a group, research analysts expect that Exelon will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. Exelon’s dividend payout ratio is presently 65.52%.

Hedge Funds Weigh In On Exelon

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC boosted its holdings in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Exelon by 16.3% during the 1st 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 last quarter. Norges Bank acquired a new position in shares of Exelon during the 4th quarter worth approximately $382,015,000. Swedbank AB acquired a new position in shares of Exelon during the 1st quarter worth approximately $96,859,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Exelon by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 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.