Exelon Co. (NYSE:EXC) has been given an average recommendation of “Buy” by the twenty analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.53.
A number of brokerages have issued reports on EXC. Bank of America began coverage on Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective for the company. SunTrust Banks restated a “buy” rating and issued a $41.00 price objective on shares of Exelon in a research note on Thursday, October 12th. Goldman Sachs Group cut Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price target on the stock. in a research report on Wednesday, October 11th. JPMorgan Chase & Co. upped their price target on Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, Mizuho assumed coverage on Exelon in a research report on Friday, December 15th. They set an “underperform” rating and a $36.00 price target on the stock.
In related news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the sale, the executive vice president now owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total value of $15,192,446.85. Following the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,916,789.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,287,788 shares of company stock worth $51,778,749 in the last ninety days. Insiders own 0.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Nova Scotia Trust Co. purchased a new stake in Exelon during the 3rd quarter worth about $102,000. Sandy Spring Bank lifted its holdings in Exelon by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after purchasing an additional 271 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Exelon during the 2nd quarter worth about $167,000. Daiwa SB Investments Ltd. raised its holdings in shares of Exelon by 1,208.8% in the 4th quarter. Daiwa SB Investments Ltd. now owns 4,450 shares of the energy giant’s stock valued at $175,000 after acquiring an additional 4,110 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Exelon in the 2nd quarter valued at about $163,000. 77.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exelon (EXC) traded up $0.46 during trading hours on Friday, reaching $38.41. The company’s stock had a trading volume of 7,431,900 shares, compared to its average volume of 6,579,063. The company has a market cap of $36,890.00, a P/E ratio of 17.22, a PEG ratio of 3.09 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. Exelon has a 52-week low of $33.30 and a 52-week high of $42.67.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. sell-side analysts forecast that Exelon will post 2.65 EPS for the current year.
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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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