Exelon (NYSE:EXC) had its price objective upped by investment analysts at Credit Suisse Group from $47.00 to $48.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the energy giant’s stock. Credit Suisse Group’s target price suggests a potential upside of 8.33% from the stock’s current price.
A number of other brokerages have also commented on EXC. Morgan Stanley decreased their price target on shares of Exelon from $48.00 to $47.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 26th. SunTrust Banks downgraded shares of Exelon from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a report on Tuesday, September 11th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and set a $51.00 price objective on shares of Exelon in a report on Monday, July 23rd. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Finally, Scotiabank assumed coverage on shares of Exelon in a report on Tuesday, July 24th. They set a “hold” rating and a $47.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.83.
EXC stock traded up $0.13 during midday trading on Tuesday, reaching $44.31. 5,037,494 shares of the company’s stock traded hands, compared to its average volume of 6,074,705. The firm has a market capitalization of $41.97 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.46 and a beta of 0.26. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. Exelon has a 52 week low of $35.57 and a 52 week high of $45.05.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.88. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. Exelon’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities analysts predict that Exelon will post 3.12 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in Exelon by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,127,003 shares of the energy giant’s stock worth $82,974,000 after acquiring an additional 51,893 shares during the period. Brown Advisory Inc. raised its holdings in Exelon by 16.6% in the 1st quarter. Brown Advisory Inc. now owns 32,630 shares of the energy giant’s stock worth $1,273,000 after acquiring an additional 4,643 shares during the period. IFM Investors Pty Ltd raised its holdings in Exelon by 43.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 43,131 shares of the energy giant’s stock worth $1,837,000 after acquiring an additional 13,142 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Exelon by 10.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 30,037 shares of the energy giant’s stock worth $1,280,000 after acquiring an additional 2,800 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Exelon by 24.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 187,174 shares of the energy giant’s stock worth $7,971,000 after acquiring an additional 36,380 shares during the period. 78.89% of the stock is currently owned by institutional investors.
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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