Shares of Exelon Co. (NASDAQ:EXC – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $43.90.
EXC has been the topic of a number of research reports. Barclays assumed coverage on Exelon in a research report on Wednesday, August 23rd. They set an “overweight” rating and a $43.00 price target on the stock. Guggenheim cut their price objective on Exelon from $45.00 to $41.00 in a report on Monday, October 9th. Royal Bank of Canada cut their price objective on Exelon from $47.00 to $45.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. StockNews.com assumed coverage on shares of Exelon in a report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Morgan Stanley increased their target price on shares of Exelon from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, September 21st.
Read Our Latest Research Report on EXC
Exelon Trading Down 0.4 %
Exelon stock opened at $39.77 on Friday. The stock has a market cap of $39.58 billion, a P/E ratio of 18.76, a PEG ratio of 2.69 and a beta of 0.63. Exelon has a fifty-two week low of $35.19 and a fifty-two week high of $44.37. The firm’s fifty day moving average price is $39.80 and its 200-day moving average price is $40.43. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.95.
Exelon (NASDAQ:EXC – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.22 billion. Exelon had a net margin of 10.66% and a return on equity of 9.20%. Exelon’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. Equities research analysts forecast that Exelon will post 2.35 earnings per share for the current fiscal year.
Exelon Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, August 14th. Exelon’s dividend payout ratio is presently 67.92%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXC. Sei Investments Co. raised its holdings in Exelon by 117.0% in the first quarter. Sei Investments Co. now owns 570,911 shares of the company’s stock worth $23,915,000 after buying an additional 307,798 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Exelon by 16.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 520,123 shares of the company’s stock valued at $20,886,000 after purchasing an additional 75,280 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Exelon by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 43,752 shares of the company’s stock valued at $1,833,000 after purchasing an additional 1,322 shares in the last quarter. Vinva Investment Management Ltd bought a new position in shares of Exelon during the first quarter valued at $1,389,000. Finally, Empirical Finance LLC lifted its holdings in shares of Exelon by 13.5% during the second quarter. Empirical Finance LLC now owns 30,908 shares of the company’s stock valued at $1,259,000 after purchasing an additional 3,666 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.
(Get Free Report
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.
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