Exelon Co. (NASDAQ:EXC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Exelon Co. (NASDAQ:EXC - Get Free Report) have earned an average rating of "Hold" from the nine research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $48.22.

EXC has been the subject of a number of research reports. Morgan Stanley raised their price objective on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Barclays lifted their price target on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Evercore ISI upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Finally, UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st.

Exelon Trading Down 1.5%

Shares of EXC stock traded down $0.64 during trading hours on Friday, hitting $42.97. 8,793,648 shares of the company were exchanged, compared to its average volume of 7,259,152. The company has a 50 day simple moving average of $45.24 and a two-hundred day simple moving average of $41.48. The firm has a market cap of $43.38 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon has a fifty-two week low of $34.01 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same period last year, the company posted $0.68 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that Exelon will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.72%. Exelon's dividend payout ratio (DPR) is 59.48%.

Hedge Funds Weigh In On Exelon

Hedge funds and other institutional investors have recently modified their holdings of the business. Providence Wealth Advisors LLC boosted its position in Exelon by 0.6% in the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after purchasing an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares during the last quarter. CWM LLC grew its position in Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after buying an additional 226 shares during the period. Catalyst Financial Partners LLC raised its position in Exelon by 2.4% in the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock worth $450,000 after acquiring an additional 230 shares during the period. Finally, Centre Asset Management LLC raised its position in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after acquiring an additional 233 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Company Profile

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.