Exelon Co. (NASDAQ:EXC) Receives Average Rating of “Hold” from Analysts

Exelon Co. (NASDAQ:EXC) has earned an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.08.

Several equities analysts recently issued reports on the company. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays increased their target price on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group began coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Morgan Stanley increased their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Exelon during the 2nd quarter worth approximately $1,215,000. Strategic Investment Solutions Inc. IL purchased a new position in Exelon during the 2nd quarter worth approximately $57,000. Granite Bay Wealth Management LLC purchased a new position in Exelon during the 2nd quarter worth approximately $698,000. Quarry LP grew its stake in Exelon by 649.7% during the 2nd quarter. Quarry LP now owns 5,263 shares of the company’s stock worth $182,000 after buying an additional 4,561 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Exelon by 1.5% during the 2nd quarter. NewEdge Advisors LLC now owns 31,654 shares of the company’s stock worth $1,096,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $40.77 on Friday. The business’s fifty day simple moving average is $38.43 and its 200-day simple moving average is $37.23. Exelon has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm has a market cap of $40.79 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Equities analysts forecast that Exelon will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.73%. Exelon’s payout ratio is currently 65.52%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.