Exelon Corporation (EXC) Given Consensus Rating of “Buy” by Analysts
Shares of Exelon Corporation (NYSE:EXC) have earned an average rating of “Buy” from the fifteen research firms that are covering the firm. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.73.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, January 9th. RBC Capital Markets set a $40.00 price target on shares of Exelon Corporation and gave the stock a “buy” rating in a research report on Wednesday, January 4th. Jefferies Group LLC reissued a “buy” rating and issued a $39.50 price target (up from $37.00) on shares of Exelon Corporation in a research report on Friday, December 23rd. Credit Suisse Group began coverage on shares of Exelon Corporation in a research report on Wednesday, January 25th. They issued an “outperform” rating and a $39.00 price target for the company. Finally, KeyCorp raised shares of Exelon Corporation from a “sector weight” rating to an “overweight” rating and set a $41.00 price target for the company in a research report on Monday.
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In related news, Chairman Mayo A. Shattuck III sold 68,519 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $33.89, for a total transaction of $2,322,108.91. Following the transaction, the chairman now owns 433,938 shares of the company’s stock, valued at $14,706,158.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 442,851 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $34.85, for a total transaction of $15,433,357.35. Following the transaction, the chairman now directly owns 660,500 shares in the company, valued at approximately $23,018,425. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Hudock Capital Group LLC raised its position in shares of Exelon Corporation by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock valued at $106,000 after buying an additional 14 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Exelon Corporation by 21.2% in the fourth quarter. Bessemer Group Inc. now owns 3,030 shares of the energy giant’s stock valued at $108,000 after buying an additional 530 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of Exelon Corporation by 0.8% in the third quarter. Cable Hill Partners LLC now owns 3,215 shares of the energy giant’s stock valued at $103,000 after buying an additional 26 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Exelon Corporation by 289.7% in the third quarter. Advisory Services Network LLC now owns 3,351 shares of the energy giant’s stock valued at $112,000 after buying an additional 2,491 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new position in shares of Exelon Corporation during the fourth quarter valued at $126,000. 75.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (NYSE:EXC) opened at 35.42 on Friday. The stock has a market capitalization of $32.82 billion, a P/E ratio of 29.03 and a beta of 0.26. The firm’s 50-day moving average price is $35.45 and its 200 day moving average price is $34.18. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $37.70.
Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, February 8th. The energy giant reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by $0.01. Exelon Corporation had a return on equity of 9.24% and a net margin of 3.59%. The firm earned $8.05 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts expect that Exelon Corporation will post $2.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Monday, February 13th. This is a positive change from Exelon Corporation’s previous quarterly dividend of $0.32. Exelon Corporation’s dividend payout ratio (DPR) is presently 106.50%.
Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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