Exelon (NASDAQ:EXC) Cut to "Underweight" at KeyCorp

Exelon (NASDAQ:EXC - Get Free Report) was downgraded by equities research analysts at KeyCorp from a "sector weight" rating to an "underweight" rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $39.00 target price on the stock. KeyCorp's price objective would suggest a potential downside of 9.24% from the stock's current price.

Several other research firms also recently weighed in on EXC. Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BMO Capital Markets boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Evercore ISI raised their target price 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. Finally, Guggenheim upped their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Exelon has an average rating of "Hold" and a consensus price target of $47.30.

Exelon Trading Down 1.5%

NASDAQ:EXC opened at $42.97 on Wednesday. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.86 and a beta of 0.43. Exelon has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The company's 50 day moving average price is $45.24 and its 200-day moving average price is $41.49.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new stake in shares of Exelon during the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC bought a new stake in Exelon during the 4th quarter valued at $28,000. Stephens Consulting LLC lifted its holdings in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Exelon during the 4th quarter worth $30,000. Finally, Hazlett Burt & Watson Inc. increased 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 valued at $32,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

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.

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