Morgan Stanley Cuts Exelon (NASDAQ:EXC) Price Target to $48.00

Exelon (NASDAQ:EXC - Get Free Report) had its price objective lowered by Morgan Stanley from $49.00 to $48.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 8.62% from the stock's current price.

A number of 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 note on Thursday, February 13th. Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. BMO Capital Markets raised their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. UBS Group boosted their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.30.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $44.19 on Thursday. The firm has a market capitalization of $44.61 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The business's 50 day simple moving average is $45.28 and its 200-day simple moving average is $41.65. Exelon has a 12 month low of $34.01 and a 12 month high of $48.11.

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

Hedge Funds Weigh In On Exelon

Several large investors have recently added to or reduced their stakes in EXC. Vanguard Group Inc. raised its stake in shares of Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after purchasing an additional 581,686 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Exelon by 37.2% during the 4th 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 period. Geode Capital Management LLC raised its stake in shares of Exelon by 1.4% during 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 lifted its holdings in Exelon by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after buying an additional 653,627 shares during the period. Finally, Deutsche Bank AG boosted its stake in Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after acquiring an additional 1,988,212 shares during the last quarter. Institutional investors and hedge funds 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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