Exelon Corporation (NASDAQ:EXC) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Exelon Corporation (NASDAQ:EXC - Get Free Report) have received an average rating of "Hold" from the ten research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $47.40.

EXC has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a research note on Wednesday, May 14th. UBS Group reaffirmed a "neutral" rating and set a $48.00 price objective (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. Finally, Guggenheim raised their target price on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd.

Exelon Stock Performance

Shares of Exelon stock traded down $0.41 during midday trading on Friday, hitting $43.01. The company had a trading volume of 2,412,928 shares, compared to its average volume of 7,094,250. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. Exelon has a 1-year low of $34.01 and a 1-year high of $48.11. The business's 50 day simple moving average is $44.00 and its two-hundred day simple moving average is $42.63. The stock has a market cap of $43.42 billion, a PE ratio of 15.99, a P/E/G ratio of 2.51 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last announced 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. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts predict that Exelon will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

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

Institutional Investors Weigh In On Exelon

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

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.