Exelon Corporation (NASDAQ:EXC) Stock Has Average Target Price of $48.33 According to Analysts

Key Points

• Analyst sentiment is neutral: Exelon has a consensus “Hold” rating from 20 analysts, with an average 12-month price target of $48.33.
• Quarterly results beat expectations: Exelon reported EPS of $0.87 versus estimates of $0.79 and revenue of $7.32 billion, up 9.2% year over year.
• Dividend yield is 3.7%: The company announced a quarterly dividend of $0.42 per share, or $1.68 annualized.

Shares of Exelon Corporation (NASDAQ:EXC - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $48.33.

EXC has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Exelon from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, October 19th. HSBC assumed coverage on Exelon in a report on Thursday, October 22nd. They set a "hold" rating and a $44.00 target price for the company. Barclays lowered their target price on Exelon from $49.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, October 19th. KeyCorp upgraded Exelon from an "underweight" rating to a "sector weight" rating and set a $41.00 price target on the stock in a research report on Monday, October 12th. Finally, BMO Capital Markets cut their price target on Exelon from $47.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, October 22nd.

Exelon Stock Down 0.3%

Shares of NASDAQ:EXC opened at $45.53 on Wednesday. The stock has a market capitalization of $47.12 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.49 and a beta of 0.24. Exelon has a 1-year low of $39.73 and a 1-year high of $50.65. The company's fifty day moving average is $43.11 and its two-hundred day moving average is $45.63. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.08. Exelon had a net margin of 10.17% and a return on equity of 9.75%. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same period last year, the firm posted $0.86 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts anticipate that Exelon will post 2.87 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, December 4th. Exelon's dividend payout ratio is presently 65.37%.

Institutional Investors Weigh In On Exelon

Hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its position in Exelon by 30.2% in the 3rd quarter. Private Advisor Group LLC now owns 78,814 shares of the company's stock worth $3,184,000 after purchasing an additional 18,279 shares during the last quarter. Hartford Funds Management Co LLC acquired a new stake in shares of Exelon in the third quarter valued at approximately $709,000. Composition Wealth LLC increased its stake in shares of Exelon by 30.2% in the third quarter. Composition Wealth LLC now owns 8,360 shares of the company's stock valued at $338,000 after purchasing an additional 1,941 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Exelon by 99.6% during the third quarter. Public Sector Pension Investment Board now owns 583,330 shares of the company's stock valued at $24,684,000 after buying an additional 291,146 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Exelon by 13.6% during the third quarter. Rothschild Investment LLC now owns 45,124 shares of the company's stock valued at $1,823,000 after buying an additional 5,411 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

About Exelon

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services. The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.

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