Exelon Co. (EXC) Given Consensus Rating of “Buy” by Analysts
Exelon Co. (NYSE:EXC) has received a consensus rating of “Buy” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $46.44.
A number of research analysts recently issued reports on EXC shares. Morgan Stanley lowered their price target on shares of Exelon from $48.00 to $47.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $48.00 target price on shares of Exelon in a report on Monday, December 3rd. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Friday. Barclays lifted their target price on shares of Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 target price on shares of Exelon in a report on Wednesday, November 7th.
Institutional investors have recently modified their holdings of the business. Investment Partners LTD. bought a new stake in shares of Exelon in the third quarter worth approximately $212,000. Welch Group LLC bought a new stake in shares of Exelon in the third quarter worth approximately $110,000. Point72 Hong Kong Ltd bought a new stake in shares of Exelon in the third quarter worth approximately $111,000. CWM LLC grew its stake in shares of Exelon by 106.5% in the third quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock worth $116,000 after acquiring an additional 1,368 shares during the period. Finally, Landaas & Co. WI ADV bought a new stake in shares of Exelon in the second quarter worth approximately $116,000. 78.77% of the stock is owned by institutional investors and hedge funds.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same period last year, the company posted $0.85 EPS. Exelon’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that Exelon will post 3.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 annualized dividend and a yield of 2.94%. Exelon’s dividend payout ratio (DPR) is presently 53.08%.
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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