BofA Securities lowered shares of Exelon (NYSE:EXC) from a neutral rating to an underperform rating in a report issued on Monday morning, Briefing.com Automated Import reports. The firm currently has $39.00 price target on the energy giant’s stock, down from their prior price target of $41.00.
EXC has been the subject of several other reports. BMO Capital Markets reduced their price target on Exelon from $49.00 to $48.00 and set an outperform rating for the company in a research report on Monday, May 11th. Seaport Global Securities assumed coverage on Exelon in a research report on Wednesday, May 20th. They set a buy rating and a $40.00 price target for the company. UBS Group reduced their price target on Exelon from $51.00 to $48.00 and set a buy rating for the company in a research report on Monday, June 22nd. Mizuho cut Exelon from a neutral rating to an underperform rating in a research report on Friday, July 24th. Finally, Wells Fargo & Co cut their price objective on Exelon from $59.00 to $49.00 and set an overweight rating for the company in a research report on Monday, May 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $45.44.
NYSE:EXC opened at $36.31 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The company has a market cap of $36.39 billion, a PE ratio of 11.64, a PEG ratio of 4.50 and a beta of 0.26. Exelon has a 52-week low of $29.28 and a 52-week high of $50.54. The stock has a 50-day simple moving average of $38.02 and a 200 day simple moving average of $39.18.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Tuesday, August 4th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.12. The business had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.53 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. Exelon’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. On average, research analysts predict that Exelon will post 3.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.3825 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 4.21%. Exelon’s dividend payout ratio (DPR) is currently 49.04%.
Several large investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its stake in shares of Exelon by 35.9% during the second quarter. Orion Portfolio Solutions LLC now owns 4,520 shares of the energy giant’s stock valued at $164,000 after buying an additional 1,195 shares during the last quarter. Signet Financial Management LLC grew its stake in shares of Exelon by 5.8% during the second quarter. Signet Financial Management LLC now owns 39,635 shares of the energy giant’s stock valued at $1,518,000 after buying an additional 2,189 shares during the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of Exelon during the second quarter worth about $218,000. Engineers Gate Manager LP boosted its holdings in shares of Exelon by 4.9% during the second quarter. Engineers Gate Manager LP now owns 35,441 shares of the energy giant’s stock worth $1,286,000 after purchasing an additional 1,645 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Exelon by 1.6% during the second quarter. California State Teachers Retirement System now owns 2,083,427 shares of the energy giant’s stock worth $75,608,000 after purchasing an additional 33,409 shares during the period. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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