Exelon (NASDAQ:EXC) Upgraded at Guggenheim

Exelon (NASDAQ:EXC) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat reports.

Several other research firms have also issued reports on EXC. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Barclays cut their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $39.38 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon has a 52 week low of $33.35 and a 52 week high of $41.19. The firm has a market cap of $39.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. The firm’s fifty day moving average is $38.12 and its 200-day moving average is $38.33.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Sell-side analysts predict that Exelon will post 2.46 earnings per share for the current year.

Institutional Investors Weigh In On Exelon

A number of hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of Exelon by 10.3% in the 2nd quarter. Sei Investments Co. now owns 280,195 shares of the company’s stock worth $9,698,000 after purchasing an additional 26,175 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Exelon by 69.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,071 shares of the company’s stock worth $151,000 after buying an additional 1,672 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Exelon by 50.3% in the second quarter. Public Sector Pension Investment Board now owns 169,592 shares of the company’s stock valued at $5,870,000 after buying an additional 56,762 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Exelon during the second quarter valued at about $1,811,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Exelon by 61.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,461 shares of the company’s stock worth $6,628,000 after acquiring an additional 72,613 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

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.