Exelon (EXC) Reaches New 12-Month High at $47.40

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Exelon Co. (NYSE:EXC) reached a new 52-week high during trading on Thursday . The stock traded as high as $47.40 and last traded at $46.35, with a volume of 302905 shares trading hands. The stock had previously closed at $46.95.

Several research firms have recently commented on EXC. Morgan Stanley upped their price target on shares of Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a research report on Friday. Barclays upped their price target on shares of Exelon from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, Macquarie upped their price target on shares of Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, September 24th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Exelon has a consensus rating of “Buy” and an average target price of $46.44.

The firm has a market capitalization of $45.35 billion, a PE ratio of 18.06, a P/E/G ratio of 3.29 and a beta of 0.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.33.

Exelon (NYSE:EXC) last released its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The company 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%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, analysts anticipate that Exelon Co. will post 3.12 EPS for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in EXC. Raymond James Financial Services Advisors Inc. increased its holdings in Exelon by 15.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 152,973 shares of the energy giant’s stock worth $6,517,000 after acquiring an additional 20,232 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Exelon by 5.6% in the 2nd quarter. D.A. Davidson & CO. now owns 23,775 shares of the energy giant’s stock worth $1,013,000 after acquiring an additional 1,259 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Exelon by 24.3% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 14,898 shares of the energy giant’s stock worth $635,000 after acquiring an additional 2,910 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Exelon in the 2nd quarter worth approximately $921,000. Finally, Barings LLC increased its holdings in Exelon by 67.4% in the 2nd quarter. Barings LLC now owns 49,122 shares of the energy giant’s stock worth $2,092,000 after acquiring an additional 19,784 shares in the last quarter. 78.77% of the stock is owned by institutional investors.

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About Exelon (NYSE:EXC)

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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