Exelon (NASDAQ:EXC) Given New $37.00 Price Target at KeyCorp

Exelon (NASDAQ:EXC - Free Report) had its target price trimmed by KeyCorp from $39.00 to $37.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other research analysts have also weighed in on the company. BMO Capital Markets raised their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Evercore ISI increased their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Morgan Stanley decreased their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price target on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Stock Down 0.2%

EXC traded down $0.10 during trading on Wednesday, hitting $42.85. 4,581,467 shares of the company's stock were exchanged, compared to its average volume of 7,062,303. Exelon has a fifty-two week low of $35.65 and a fifty-two week high of $48.11. 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 business's 50 day moving average is $43.27 and its two-hundred day moving average is $43.05. The stock has a market cap of $43.26 billion, a P/E ratio of 15.93, a PEG ratio of 2.52 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter last year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts expect that Exelon will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.

Institutional Trading of Exelon

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Exelon by 0.5% in 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 increased its position in Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after buying an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC increased its position in Exelon by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after buying an additional 368,505 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Exelon by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after acquiring an additional 653,627 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.