Exelon (EXC) Price Target Cut to $40.00

Exelon (NYSE:EXC) had its target price decreased by analysts at JPMorgan Chase & Co. from $42.00 to $40.00 in a research note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the energy giant’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 6.44% from the stock’s current price.

A number of other brokerages also recently commented on EXC. Morgan Stanley upped their target price on Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Mizuho assumed coverage on Exelon in a research note on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Bank of America assumed coverage on Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. Finally, Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.91.

Shares of Exelon (NYSE EXC) traded down $0.10 on Wednesday, hitting $37.58. The stock had a trading volume of 787,593 shares, compared to its average volume of 7,186,982. Exelon has a 1 year low of $33.30 and a 1 year high of $42.67. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $36,458.81, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23.

Exelon (NYSE:EXC) last issued its earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. equities research analysts expect that Exelon will post 3.06 EPS for the current fiscal year.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. NuWave Investment Management LLC acquired a new position in shares of Exelon during the fourth quarter valued at approximately $105,000. Bank of Nova Scotia Trust Co. acquired a new position in shares of Exelon during the third quarter valued at approximately $102,000. Delpha Capital Management LLC acquired a new position in shares of Exelon during the fourth quarter valued at approximately $108,000. We Are One Seven LLC acquired a new position in shares of Exelon during the fourth quarter valued at approximately $117,000. Finally, Baker Ellis Asset Management LLC acquired a new position in shares of Exelon during the fourth quarter valued at approximately $118,000. 78.42% of the stock is owned by institutional investors and hedge funds.

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About Exelon

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.

Analyst Recommendations for Exelon (NYSE:EXC)

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