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

Shares of Exelon Co. (NASDAQ:EXC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.40.

EXC has been the subject of several recent analyst reports. Scotiabank raised their target price 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. Evercore ISI raised their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley cut their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd.

Exelon Stock Down 0.6%

EXC stock traded down $0.24 during trading hours on Wednesday, reaching $42.62. 7,264,548 shares of the stock were exchanged, compared to its average volume of 7,377,110. The firm's 50-day moving average is $45.04 and its 200-day moving average is $42.06. The company has a market cap of $43.03 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.86 and a beta of 0.40. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the prior year, the business posted $0.68 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts expect that Exelon will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's dividend payout ratio (DPR) is currently 59.48%.

Hedge Funds Weigh In On Exelon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. Principal Securities Inc. grew its holdings in shares of Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after purchasing an additional 2,160 shares in the last quarter. Allianz SE acquired a new stake in shares of Exelon during the 4th quarter worth $5,953,000. JPMorgan Chase & Co. grew its holdings in shares of Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Exelon by 89.1% during the 4th quarter. Vontobel Holding Ltd. now owns 11,759 shares of the company's stock worth $443,000 after purchasing an additional 5,539 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Exelon by 71.9% during the 4th quarter. IFP Advisors Inc now owns 3,547 shares of the company's stock worth $134,000 after purchasing an additional 1,483 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

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.