Mizuho started coverage on shares of Exelon (NYSE:EXC) in a research report released on Friday. The firm issued an underperform rating and a $36.00 price target on the energy giant’s stock.
Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reiterated a buy rating and set a $43.00 target price on shares of Exelon in a research note on Tuesday, November 7th. Bank of America initiated coverage on shares of Exelon in a research report on Tuesday, October 24th. They set a buy rating and a $43.00 price objective for the company. SunTrust Banks reissued a buy rating and set a $41.00 price objective on shares of Exelon in a research report on Thursday, October 12th. KeyCorp reissued a buy rating and set a $41.00 price objective on shares of Exelon in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Exelon from a hold rating to a buy rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $40.53.
Shares of Exelon (NYSE EXC) traded down $0.07 during midday trading on Friday, reaching $40.74. 8,637,086 shares of the company were exchanged, compared to its average volume of 5,168,887. Exelon has a 52 week low of $33.30 and a 52 week high of $42.67. The stock has a market cap of $39,200.39, a price-to-earnings ratio of 16.46, a P/E/G ratio of 3.56 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. Exelon’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. equities research analysts predict that Exelon will post 2.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, November 14th. Exelon’s dividend payout ratio is currently 58.74%.
In other Exelon news, Chairman Mayo A. Shattuck III sold 379,337 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $40.05, for a total value of $15,192,446.85. Following the sale, the chairman now owns 746,986 shares in the company, valued at approximately $29,916,789.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the sale, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. Insiders sold a total of 1,312,788 shares of company stock valued at $52,714,749 in the last ninety days. 0.70% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Bank of Nova Scotia Trust Co. purchased a new stake in Exelon in the 3rd quarter worth $102,000. Sandy Spring Bank raised its position in shares of Exelon by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares in the last quarter. Live Your Vision LLC raised its position in shares of Exelon by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after buying an additional 26 shares in the last quarter. Sterling Investment Advisors Ltd. raised its position in shares of Exelon by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after buying an additional 37 shares in the last quarter. Finally, Hudock Capital Group LLC raised its position in shares of Exelon by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds 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.
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