Exelon Corporation (NASDAQ:EXC) Receives $47.20 Consensus Target Price from Brokerages

Exelon Corporation (NASDAQ:EXC - Get Free Report) has received an average recommendation of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $47.20.

Several brokerages recently issued reports on EXC. KeyCorp dropped their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. BMO Capital Markets raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Morgan Stanley lowered their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Finally, Evercore ISI upped their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd.

Hedge Funds Weigh In On Exelon

Large investors have recently made changes to their positions in the business. NorthRock Partners LLC lifted its stake in Exelon by 4.0% in the 2nd quarter. NorthRock Partners LLC now owns 9,109 shares of the company's stock valued at $396,000 after acquiring an additional 354 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Exelon by 3.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 33,671 shares of the company's stock worth $1,462,000 after acquiring an additional 1,250 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in Exelon by 45.4% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 13,926 shares of the company's stock valued at $605,000 after acquiring an additional 4,345 shares during the period. Yousif Capital Management LLC lifted its holdings in Exelon by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 164,565 shares of the company's stock worth $7,145,000 after buying an additional 1,922 shares during the period. Finally, MGO One Seven LLC increased its position in Exelon by 18.0% during the 2nd quarter. MGO One Seven LLC now owns 11,072 shares of the company's stock valued at $481,000 after buying an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

EXC stock traded up $0.25 during midday trading on Thursday, hitting $43.99. The company's stock had a trading volume of 3,894,398 shares, compared to its average volume of 7,472,804. Exelon has a 1 year low of $35.94 and a 1 year high of $48.11. The stock's 50-day moving average price is $43.26 and its 200 day moving average price is $43.30. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $44.41 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.55 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 earnings per share for the quarter, topping 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 company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Exelon will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.64%. Exelon's dividend payout ratio (DPR) 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.