Exelon (NYSE:EXC) had its target price lifted by Morgan Stanley from $42.00 to $43.00 in a report issued on Wednesday. The brokerage currently has an equal weight rating on the energy giant’s stock.

Several other research firms have also issued reports on EXC. Zacks Investment Research lowered shares of Exelon from a hold rating to a sell rating in a research report on Tuesday, October 10th. KeyCorp reissued a buy rating and issued a $41.00 price objective on shares of Exelon in a research report on Friday, September 1st. Royal Bank of Canada reissued a buy rating and issued a $43.00 price objective on shares of Exelon in a research report on Tuesday, November 7th. ValuEngine raised shares of Exelon from a hold rating to a buy rating in a research report on Monday, October 2nd. Finally, BidaskClub raised shares of Exelon from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $40.86.

Exelon (NYSE:EXC) traded up $0.12 during trading on Wednesday, hitting $41.13. 8,641,500 shares of the stock traded hands, compared to its average volume of 4,925,410. Exelon has a 52 week low of $33.30 and a 52 week high of $42.67. The firm has a market capitalization of $39,520.00, a price-to-earnings ratio of 16.54, a P/E/G ratio of 3.57 and a beta of 0.30. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06.

Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Exelon had a return on equity of 8.19% and a net margin of 6.59%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same period in the previous year, the company earned $0.91 EPS. Exelon’s revenue was down 2.6% on a year-over-year basis. sell-side analysts forecast that Exelon will post 2.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.3275 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.19%. Exelon’s dividend payout ratio (DPR) is 58.74%.

In other Exelon news, EVP Kenneth W. Cornew sold 25,000 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the transaction, the executive vice president now directly owns 28,363 shares in the company, valued at approximately $1,061,910.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total transaction of $4,113,000.00. Following the transaction, the chairman now owns 267,649 shares in the company, valued at $11,008,403.37. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,788 shares of company stock worth $52,714,749 over the last quarter. 0.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. AXA lifted its position in shares of Exelon by 677.3% in the 3rd quarter. AXA now owns 1,613,005 shares of the energy giant’s stock worth $60,762,000 after buying an additional 1,405,487 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Exelon in the 3rd quarter worth about $244,000. Wagner Bowman Management Corp lifted its position in shares of Exelon by 21.3% in the 3rd quarter. Wagner Bowman Management Corp now owns 16,048 shares of the energy giant’s stock worth $604,000 after buying an additional 2,821 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Exelon in the 3rd quarter worth about $1,075,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Exelon by 4.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 666,613 shares of the energy giant’s stock worth $25,111,000 after buying an additional 29,057 shares during the last quarter. Hedge funds and other institutional investors own 77.45% of the company’s stock.

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Exelon Company Profile

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

Analyst Recommendations for Exelon (NYSE:EXC)

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