Analysts Set Exelon Co. (NASDAQ:EXC) PT at $41.08

Shares of Exelon Co. (NASDAQ:EXC) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $41.08.

EXC has been the topic of several recent analyst reports. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company increased their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley increased their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th.

Exelon Stock Down 0.4 %

Shares of NASDAQ:EXC opened at $40.78 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The firm has a market capitalization of $40.80 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.92 and a beta of 0.53. The stock has a 50 day moving average price of $38.61 and a 200-day moving average price of $37.28. Exelon has a 52-week low of $33.35 and a 52-week high of $41.48.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the business posted $0.41 EPS. As a group, equities research analysts anticipate that Exelon will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. Exelon’s dividend payout ratio is presently 65.52%.

Institutional Investors Weigh In On Exelon

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC purchased a new position in shares of Exelon during the first quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in shares of Exelon during the first quarter valued at about $26,000. Versant Capital Management Inc grew its position in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after acquiring an additional 672 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Exelon in the second quarter worth about $28,000. Finally, American National Bank & Trust grew its position in Exelon by 178.8% in 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. 80.92% of the stock is owned by institutional investors.

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.