Exelon (NASDAQ:EXC) Stock Price Expected to Rise, Evercore ISI Analyst Says

Exelon (NASDAQ:EXC - Free Report) had its price objective upped by Evercore ISI from $48.00 to $51.00 in a report published on Friday,Benzinga reports. The firm currently has an in-line rating on the stock.

Other equities analysts also recently issued reports about the company. BMO Capital Markets increased their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley lifted their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. UBS Group upped their price target on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Guggenheim set a $47.00 price objective on shares of Exelon and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.22.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.48 on Friday, reaching $46.00. 3,902,736 shares of the company's stock were exchanged, compared to its average volume of 7,263,592. Exelon has a twelve month low of $34.01 and a twelve month high of $48.11. The company has a fifty day moving average of $45.06 and a 200-day moving average of $41.27. The company has a market capitalization of $46.44 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.86 and a beta of 0.43. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61.

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

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.48%. Exelon's payout ratio is currently 59.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Exelon during the third quarter valued at about $376,000. Tidal Investments LLC lifted its position in Exelon by 6.5% during the 3rd quarter. Tidal Investments LLC now owns 44,458 shares of the company's stock valued at $1,803,000 after acquiring an additional 2,718 shares during the period. Synovus Financial Corp grew its holdings in Exelon by 70.5% in the third quarter. Synovus Financial Corp now owns 18,649 shares of the company's stock worth $756,000 after purchasing an additional 7,713 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Exelon by 17.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 21,318 shares of the company's stock valued at $865,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Exelon by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock worth $47,029,000 after purchasing an additional 36,734 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

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.