Credit Suisse Group cut shares of Exelon (NYSE:EXC) to a hold rating in a report issued on Wednesday. Credit Suisse Group currently has $42.00 price objective on the energy giant’s stock.
A number of other research firms have also recently issued reports on EXC. Royal Bank of Canada reiterated an outperform rating and issued a $43.00 target price on shares of Exelon in a research note on Wednesday, February 14th. Zacks Investment Research upgraded shares of Exelon from a hold rating to a buy rating and set a $43.00 target price for the company in a research note on Wednesday, January 24th. JPMorgan Chase reduced their target price on shares of Exelon from $42.00 to $40.00 and set an overweight rating for the company in a research note on Wednesday, February 21st. Morgan Stanley reduced their target price on shares of Exelon from $42.00 to $41.00 and set an equal weight rating for the company in a research note on Thursday, February 8th. Finally, UBS started coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a buy rating and a $44.00 target price for the company. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Exelon has an average rating of Buy and a consensus price target of $41.41.
EXC stock opened at $38.63 on Wednesday. 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 company has a market cap of $37,636.14, a P/E ratio of 14.86, a P/E/G ratio of 2.54 and a beta of 0.16. Exelon has a 52 week low of $33.30 and a 52 week high of $42.67.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. analysts anticipate that Exelon will post 3.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 15th were paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.57%. This is a boost from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, February 14th. Exelon’s payout ratio is presently 53.08%.
In other news, CEO Calvin Butler, Jr. sold 25,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $37.94, for a total value of $948,500.00. Following the completion of the sale, the chief executive officer now directly owns 19,429 shares in the company, valued at $737,136.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Exelon by 6.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 103,389 shares of the energy giant’s stock worth $4,075,000 after buying an additional 6,413 shares during the last quarter. Certified Advisory Corp bought a new position in Exelon during the fourth quarter worth $169,000. Xact Kapitalforvaltning AB increased its position in Exelon by 17.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 89,227 shares of the energy giant’s stock worth $3,516,000 after acquiring an additional 13,364 shares during the period. Envestnet Asset Management Inc. increased its position in Exelon by 42.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 206,817 shares of the energy giant’s stock worth $8,150,000 after acquiring an additional 61,242 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Exelon by 2.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 560,557 shares of the energy giant’s stock worth $22,092,000 after acquiring an additional 16,013 shares during the period. Institutional investors and hedge funds own 78.09% of the company’s stock.
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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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