Scotiabank Trims Exelon (NASDAQ:EXC) Target Price to $37.00

Exelon (NASDAQ:EXC - Get Free Report) had its price objective lowered by stock analysts at Scotiabank from $39.00 to $37.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's price target would suggest a potential downside of 1.78% from the stock's current price.

A number of other analysts also recently commented on the company. TheStreet downgraded Exelon from a "b-" rating to a "c+" rating in a research report on Wednesday, February 7th. Barclays increased their price objective on Exelon from $36.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, March 14th. Wells Fargo & Company reduced their price objective on Exelon from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Thursday, February 22nd. StockNews.com raised Exelon from a "sell" rating to a "hold" rating in a report on Monday, March 25th. Finally, Mizuho raised Exelon from a "neutral" rating to a "buy" rating and increased their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $38.92.

Exelon Stock Up 0.3 %

Shares of Exelon stock traded up $0.12 on Monday, hitting $37.67. The company had a trading volume of 5,174,375 shares, compared to its average volume of 6,676,109. The stock has a market capitalization of $37.65 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.74 and a beta of 0.54. Exelon has a 1 year low of $33.35 and a 1 year high of $43.71. The stock has a 50 day moving average of $36.43 and a 200-day moving average of $37.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. Exelon's revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that Exelon will post 2.41 earnings per share for the current year.

Institutional Investors Weigh In On Exelon

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company's stock valued at $6,895,000 after purchasing an additional 88,614 shares in the last quarter. Raymond James & Associates raised its position in Exelon by 24.4% during the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company's stock valued at $16,660,000 after purchasing an additional 91,088 shares in the last quarter. Invesco Ltd. raised its position in Exelon by 12.2% during the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company's stock valued at $380,538,000 after purchasing an additional 1,092,736 shares in the last quarter. Duality Advisers LP purchased a new stake in Exelon during the third quarter valued at about $1,418,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Exelon during the fourth quarter valued at about $5,001,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

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.