Exelon (EXC) Receives “Hold” Rating from SunTrust Banks

SunTrust Banks reiterated their hold rating on shares of Exelon (NYSE:EXC) in a report released on Monday. They currently have a $48.00 price target on the energy giant’s stock.

EXC has been the subject of a number of other research reports. Zacks Investment Research cut shares of Exelon from a buy rating to a hold rating in a research note on Friday, November 16th. Mizuho reissued a hold rating and issued a $40.00 price target on shares of Exelon in a research note on Monday, August 6th. Barclays boosted their price target on shares of Exelon from $46.00 to $47.00 and gave the stock a hold rating in a research note on Monday, November 19th. Credit Suisse Group boosted their price target on shares of Exelon from $47.00 to $48.00 and gave the stock an outperform rating in a research note on Tuesday, November 6th. Finally, ValuEngine cut shares of Exelon from a buy rating to a hold rating in a research note on Thursday, November 1st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $46.28.

Shares of NYSE:EXC opened at $46.90 on Monday. The company has a market cap of $45.40 billion, a P/E ratio of 18.04, a PEG ratio of 3.29 and a beta of 0.30. Exelon has a 12 month low of $35.57 and a 12 month high of $47.40. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. Exelon’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, equities research analysts anticipate that Exelon will post 3.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.94%. Exelon’s payout ratio is 53.08%.

Several institutional investors and hedge funds have recently made changes to their positions in EXC. Man Group plc lifted its holdings in shares of Exelon by 242.7% in the 3rd quarter. Man Group plc now owns 6,102,652 shares of the energy giant’s stock worth $266,442,000 after acquiring an additional 4,322,046 shares during the last quarter. Capital International Investors lifted its holdings in shares of Exelon by 29.8% in the 3rd quarter. Capital International Investors now owns 11,113,684 shares of the energy giant’s stock worth $485,223,000 after acquiring an additional 2,550,676 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Exelon by 81.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 4,032,339 shares of the energy giant’s stock worth $176,052,000 after acquiring an additional 1,811,983 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Exelon by 71.6% in the 2nd quarter. State Treasurer State of Michigan now owns 4,185,797 shares of the energy giant’s stock worth $178,315,000 after acquiring an additional 1,746,700 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Exelon in the 3rd quarter worth approximately $69,507,000. Hedge funds and other institutional investors own 78.77% of the company’s stock.

About Exelon

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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