Exelon Co. (EXC) Given Consensus Rating of “Buy” by Analysts
Shares of Exelon Co. (NYSE:EXC) have been assigned a consensus rating of “Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.53.
A number of equities research analysts have recently weighed in on EXC shares. Goldman Sachs Group lowered Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $43.00 price objective on shares of Exelon in a research report on Tuesday, November 7th. Morgan Stanley raised their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
Shares of Exelon (NYSE:EXC) traded up $0.46 during mid-day trading on Friday, hitting $38.41. The stock had a trading volume of 7,431,900 shares, compared to its average volume of 6,579,063. The company has a market cap of $36,890.00, a price-to-earnings ratio of 17.22, a P/E/G ratio of 3.09 and a beta of 0.30. Exelon has a 12-month low of $33.30 and a 12-month high of $42.67. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. Exelon’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. research analysts forecast that Exelon will post 2.65 EPS for the current fiscal year.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of Exelon stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total value of $4,113,000.00. Following the transaction, the chairman now owns 267,649 shares of the company’s stock, valued at approximately $11,008,403.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,287,788 shares of company stock valued at $51,778,749. 0.70% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Bank of Nova Scotia Trust Co. purchased a new position in Exelon during the third quarter valued at $102,000. Sandy Spring Bank raised its stake in Exelon by 10.1% during the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in Exelon during the second quarter valued at $162,000. Captrust Financial Advisors purchased a new position in Exelon during the second quarter valued at $163,000. Finally, Clear Perspective Advisors LLC raised its stake in Exelon by 19.7% during the second quarter. Clear Perspective Advisors LLC now owns 4,558 shares of the energy giant’s stock valued at $164,000 after buying an additional 749 shares during the last quarter. Institutional investors and hedge funds own 77.26% of the company’s stock.
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Exelon Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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