Exelon Co. (NASDAQ:EXC) Receives $47.40 Average PT from Analysts

Exelon Co. (NASDAQ:EXC - Get Free Report) has been given an average recommendation of "Hold" by the ten research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $47.40.

Several equities analysts have recently weighed in on EXC shares. Wells Fargo & Company lifted their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley cut their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. UBS Group upped their price target on shares of Exelon from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Monday. Evercore ISI raised 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. Finally, Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Exelon

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after buying an additional 581,686 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after acquiring an additional 7,483,873 shares during the period. Geode Capital Management LLC increased its stake in shares of Exelon by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after purchasing an additional 368,505 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Exelon by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after purchasing an additional 653,627 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after purchasing an additional 1,988,212 shares during the period. Institutional investors own 80.92% of the company's stock.

Exelon Trading Up 0.3%

NASDAQ:EXC traded up $0.11 during trading hours on Wednesday, hitting $42.86. The stock had a trading volume of 5,801,146 shares, compared to its average volume of 7,356,762. The business's 50 day moving average is $45.17 and its 200-day moving average is $42.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of $43.27 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.86 and a beta of 0.40. Exelon has a one year low of $34.01 and a one year high of $48.11.

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

Exelon Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.73%. Exelon's dividend payout ratio is 59.48%.

About Exelon

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.