Exelon (NYSE:EXC) had its target price hoisted by equities research analysts at Morgan Stanley from $57.00 to $59.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy giant’s stock. Morgan Stanley’s price target indicates a potential upside of 36.13% from the company’s current price.
A number of other research firms also recently weighed in on EXC. Credit Suisse Group upped their price target on Exelon from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. Zacks Investment Research raised Exelon from a “sell” rating to a “hold” rating and set a $39.00 price target for the company in a research report on Tuesday, October 6th. Bank of America downgraded Exelon from a “neutral” rating to an “underperform” rating in a research report on Monday, August 17th. Wells Fargo & Company cut their price objective on Exelon from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, August 24th. Finally, Guggenheim downgraded Exelon from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $42.00 in a report on Monday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.07.
Shares of EXC opened at $43.34 on Tuesday. 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 stock has a 50 day simple moving average of $40.41 and a 200 day simple moving average of $38.09. Exelon has a 52-week low of $29.28 and a 52-week high of $50.54. The firm has a market capitalization of $42.28 billion, a PE ratio of 13.89, a P/E/G ratio of 4.50 and a beta of 0.26.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Sunday, November 8th. The energy giant reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.17. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same period in the previous year, the firm earned $0.92 EPS. Exelon’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Exelon will post 3.14 EPS for the current fiscal year.
In other news, CEO Carim V. Khouzami sold 6,800 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $38.00, for a total transaction of $258,400.00. Following the sale, the chief executive officer now directly owns 8,872 shares of the company’s stock, valued at approximately $337,136. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Trust Co. grew its holdings in shares of Exelon by 2.5% during the 3rd quarter. Fiduciary Trust Co. now owns 10,901 shares of the energy giant’s stock worth $390,000 after purchasing an additional 269 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in Exelon by 1.6% in the second quarter. HBK Sorce Advisory LLC now owns 17,626 shares of the energy giant’s stock worth $640,000 after purchasing an additional 275 shares in the last quarter. Smith Moore & CO. increased its holdings in Exelon by 3.5% in the second quarter. Smith Moore & CO. now owns 8,468 shares of the energy giant’s stock worth $307,000 after purchasing an additional 283 shares in the last quarter. VeraBank N.A. increased its holdings in Exelon by 2.8% in the third quarter. VeraBank N.A. now owns 11,174 shares of the energy giant’s stock worth $400,000 after purchasing an additional 300 shares in the last quarter. Finally, Financial Consulate Inc. increased its holdings in Exelon by 3.5% in the second quarter. Financial Consulate Inc. now owns 9,466 shares of the energy giant’s stock worth $344,000 after purchasing an additional 322 shares in the last quarter. 78.99% of the stock is currently owned by institutional investors.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the generation and marketing of energy in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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.
Recommended Story: How is an ETF different from a mutual fund?
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.