Exelon (NYSE:EXC) had its target price reduced by equities researchers at Morgan Stanley from $42.00 to $41.00 in a research note issued to investors on Wednesday. The brokerage currently has an “equal weight” rating on the energy giant’s stock. Morgan Stanley’s target price suggests a potential upside of 0.32% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Bank of America boosted their target price on shares of Exelon from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Credit Suisse Group upgraded shares of Exelon to a “buy” rating and set a $42.00 target price on the stock in a research note on Saturday, April 14th. SunTrust Banks restated a “buy” rating and issued a $44.00 target price on shares of Exelon in a research note on Wednesday, April 11th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $42.86.

Shares of NYSE:EXC traded up $0.38 on Wednesday, hitting $40.87. The stock had a trading volume of 90,155 shares, compared to its average volume of 5,624,855. Exelon has a twelve month low of $35.37 and a twelve month high of $42.67. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.14. The company has a market capitalization of $38.55 billion, a PE ratio of 15.76, a P/E/G ratio of 2.29 and a beta of 0.20.

Exelon (NYSE:EXC) last issued its earnings results on Wednesday, May 2nd. The energy giant reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.03. Exelon had a net margin of 10.06% and a return on equity of 9.17%. The company had revenue of $9.69 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts forecast that Exelon will post 3.08 EPS for the current year.

In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $37.94, for a total transaction of $948,500.00. Following the completion of the sale, the chief executive officer now directly owns 19,429 shares of the company’s stock, valued at approximately $737,136.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in EXC. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Exelon by 269.4% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock worth $485,304,000 after purchasing an additional 9,072,773 shares during the last quarter. State Treasurer State of Michigan raised its holdings in Exelon by 766.8% during the 1st quarter. State Treasurer State of Michigan now owns 2,439,097 shares of the energy giant’s stock worth $95,149,000 after purchasing an additional 2,157,700 shares during the last quarter. Prudential Financial Inc. raised its holdings in Exelon by 40.6% during the 1st quarter. Prudential Financial Inc. now owns 5,733,452 shares of the energy giant’s stock worth $223,662,000 after purchasing an additional 1,654,254 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Exelon by 175.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,779,900 shares of the energy giant’s stock worth $69,434,000 after purchasing an additional 1,134,800 shares during the last quarter. Finally, Element Capital Management LLC bought a new stake in Exelon during the 4th quarter worth about $40,141,000. 78.14% of the stock is owned by hedge funds and other institutional investors.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Analyst Recommendations for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.