Exelon Co. (NASDAQ:EXC) Receives $38.92 Consensus PT from Brokerages

Exelon Co. (NASDAQ:EXC) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $38.83.

A number of brokerages recently issued reports on EXC. Bank of America dropped their price objective on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. TheStreet cut shares of Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. BMO Capital Markets upped their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. 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.

Exelon Stock Performance

NASDAQ:EXC opened at $37.55 on Tuesday. Exelon has a 1 year low of $33.35 and a 1 year high of $43.53. 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 simple moving average of $36.94 and a two-hundred day simple moving average of $36.98. The company has a market capitalization of $37.55 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.71 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, 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 will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio is presently 65.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its stake in shares of Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after acquiring an additional 88,614 shares during the last quarter. National Bank of Canada FI raised its position in Exelon by 33.9% during the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after purchasing an additional 277,635 shares during the last quarter. Duality Advisers LP lifted its holdings in Exelon by 225.3% in the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock worth $4,380,000 after buying an additional 84,498 shares during the period. Raymond James & Associates grew its position in shares of Exelon by 24.4% in the 4th quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after buying an additional 91,088 shares during the last quarter. Finally, Principle Wealth Partners LLC purchased a new position in shares of Exelon during the fourth quarter valued at approximately $1,639,000. 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.