Exelon (NYSE:EXC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “In the past 12 months, shares of Exelon Corporation have gained against a decline of the industry it belongs to. Exelon is going to benefit from its $21 billion planned capital investment, focus on zero emission electricity generation and cost savings. The company continues with its hedging program to manage market risks and protect the value of its generation. Strong cash flow generation capacity will help it lower debt levels and increase value of its shareholders. However, Exelon is subject to the impact of commodity price volatility and price fluctuation in the wholesale markets. Stringent government regulation is also a cause of concern.”

Several other research firms have also recently issued reports on EXC. Morgan Stanley dropped their target price on Exelon from $48.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 26th. SunTrust Banks reiterated a “hold” rating and set a $48.00 target price on shares of Exelon in a research report on Monday. Barclays upped their price target on Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Royal Bank of Canada restated a “buy” rating and issued a $46.00 price target on shares of Exelon in a report on Wednesday, November 7th. Finally, Wells Fargo & Co upped their price target on Exelon from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Exelon has an average rating of “Hold” and an average target price of $46.28.

NYSE EXC traded down $0.64 on Thursday, hitting $46.31. 172,361 shares of the company’s stock were exchanged, compared to its average volume of 5,410,733. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. Exelon has a fifty-two week low of $35.57 and a fifty-two week high of $47.37. The stock has a market capitalization of $45.40 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 3.29 and a beta of 0.30.

Exelon (NYSE:EXC) last released its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Exelon will post 3.12 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Exelon by 15.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 152,973 shares of the energy giant’s stock worth $6,517,000 after purchasing an additional 20,232 shares during the period. First Trust Advisors LP lifted its stake in shares of Exelon by 30.3% during the 2nd quarter. First Trust Advisors LP now owns 1,236,710 shares of the energy giant’s stock worth $52,684,000 after purchasing an additional 287,451 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Exelon by 5.6% during the 2nd quarter. D.A. Davidson & CO. now owns 23,775 shares of the energy giant’s stock worth $1,013,000 after purchasing an additional 1,259 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Exelon by 24.3% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 14,898 shares of the energy giant’s stock worth $635,000 after purchasing an additional 2,910 shares during the period. Finally, Alps Advisors Inc. purchased a new position in shares of Exelon during the 2nd quarter worth $921,000. 78.77% of the stock is currently 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.

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