BMO Capital Markets Increases Exelon (NASDAQ:EXC) Price Target to $42.00

Exelon (NASDAQ:EXC) had its price objective hoisted by investment analysts at BMO Capital Markets from $40.00 to $42.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 12.27% from the stock’s previous close.

Several other research firms have also recently commented on EXC. Bank of America decreased their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. Seaport Res Ptn downgraded Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. Finally, Wells Fargo & Company cut their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Exelon presently has a consensus rating of “Hold” and an average price target of $38.83.

Exelon Stock Performance

NASDAQ:EXC opened at $37.41 on Friday. The stock’s 50-day moving average is $36.94 and its 200-day moving average is $37.03. The stock has a market cap of $37.39 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. Exelon has a 1-year low of $33.35 and a 1-year high of $43.53. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. Exelon’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Equities research analysts anticipate that Exelon will post 2.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXC. Norges Bank bought a new position in Exelon during the fourth quarter valued at approximately $382,015,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Exelon by 507.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock valued at $119,505,000 after purchasing an additional 2,641,756 shares during the last quarter. Wellington Management Group LLP raised its position in Exelon by 2.6% in 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 period. Jacobs Levy Equity Management Inc. lifted its stake in Exelon by 501.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock worth $86,571,000 after purchasing an additional 1,909,731 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Exelon by 12.2% during the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after buying an additional 1,092,736 shares during the period. 80.92% of the stock is currently 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.