Exelon (NYSE:EXC) – Stock analysts at SunTrust Banks increased their Q1 2019 EPS estimates for Exelon in a note issued to investors on Friday, April 13th. SunTrust Banks analyst A. Agha now forecasts that the energy giant will post earnings per share of $0.75 for the quarter, up from their previous estimate of $0.74. SunTrust Banks has a “Buy” rating and a $44.00 price target on the stock. SunTrust Banks also issued estimates for Exelon’s FY2019 earnings at $3.10 EPS, Q1 2020 earnings at $0.72 EPS and FY2020 earnings at $3.07 EPS.
EXC has been the subject of a number of other research reports. Mizuho raised shares of Exelon from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $36.00 to $40.00 in a report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. KeyCorp decreased their price objective on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, February 9th. JPMorgan Chase lifted their price objective on shares of Exelon from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, April 10th. Finally, Goldman Sachs raised shares of Exelon from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $33.30 to $43.00 in a report on Wednesday, March 28th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.59.
Exelon stock opened at $38.34 on Monday. The firm has a market capitalization of $36,439.51, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.48 and a beta of 0.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94. Exelon has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in EXC. CI Global Investments Inc. boosted its holdings in shares of Exelon by 71.9% during the fourth quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock valued at $326,987,000 after acquiring an additional 3,470,082 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Exelon by 51,895.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,367,739 shares of the energy giant’s stock valued at $132,723,000 after acquiring an additional 3,361,262 shares during the period. Bank of Montreal Can boosted its holdings in shares of Exelon by 44.6% during the fourth quarter. Bank of Montreal Can now owns 6,241,334 shares of the energy giant’s stock valued at $245,971,000 after acquiring an additional 1,926,273 shares during the period. Jennison Associates LLC boosted its holdings in shares of Exelon by 19.2% during the fourth quarter. Jennison Associates LLC now owns 7,704,703 shares of the energy giant’s stock valued at $303,642,000 after acquiring an additional 1,242,889 shares during the period. Finally, Element Capital Management LLC acquired a new position in shares of Exelon during the fourth quarter valued at $40,141,000. 78.09% of the stock is owned by institutional investors.
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 transaction of $948,500.00. Following the completion of the transaction, the chief executive officer now owns 19,429 shares of the company’s stock, valued at $737,136.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
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Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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