Exelon Co. (NYSE:EXC) has been assigned a consensus rating of “Buy” from the twenty analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $40.53.
Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. SunTrust Banks reissued a “buy” rating and set a $41.00 target price on shares of Exelon in a research note on Thursday, October 12th. Goldman Sachs Group cut shares of Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, October 11th. J P Morgan Chase & Co lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Exelon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th.
Exelon (NYSE:EXC) traded down $0.26 during trading on Monday, reaching $40.48. 4,976,653 shares of the company’s stock traded hands, compared to its average volume of 4,941,512. The firm has a market cap of $39,104.38, a PE ratio of 16.42, a price-to-earnings-growth ratio of 3.55 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 has a 52-week low of $33.30 and a 52-week high of $42.67.
Exelon (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. equities research analysts anticipate that Exelon will post 2.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were paid a $0.3275 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.24%. Exelon’s dividend payout ratio is currently 58.74%.
In other Exelon news, Chairman Mayo A. Shattuck III sold 567,070 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $40.12, for a total value of $22,750,848.40. Following the completion of the transaction, the chairman now directly owns 746,986 shares in the company, valued at $29,969,078.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 28,363 shares of the company’s stock, valued at $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 worth $52,714,749 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in EXC. LMR Partners LLP boosted its holdings in shares of Exelon by 48.1% in the second quarter. LMR Partners LLP now owns 25,452 shares of the energy giant’s stock worth $918,000 after buying an additional 8,268 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Exelon during the second quarter worth approximately $205,000. BB&T Securities LLC boosted its holdings in shares of Exelon by 38.4% during the second quarter. BB&T Securities LLC now owns 50,452 shares of the energy giant’s stock worth $1,819,000 after purchasing an additional 13,998 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Exelon during the second quarter worth approximately $6,173,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Exelon by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,316,824 shares of the energy giant’s stock worth $47,498,000 after purchasing an additional 8,020 shares during the period. 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.
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