Mizuho Lowers Exelon (NASDAQ:EXC) to Neutral

Exelon (NASDAQ:EXC) was downgraded by equities research analysts at Mizuho from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They presently have a $40.00 price target on the stock, down from their prior price target of $45.00. Mizuho’s price objective points to a potential upside of 2.35% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Guggenheim decreased their price objective on shares of Exelon from $45.00 to $41.00 in a research report on Monday, October 9th. Barclays decreased their price target on Exelon from $43.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, October 24th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Friday. Morgan Stanley cut their target price on Exelon from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada lowered their price target on Exelon from $47.00 to $45.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.90.

Exelon Price Performance

EXC stock opened at $39.08 on Tuesday. The business’s 50-day moving average is $39.45 and its two-hundred day moving average is $40.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market capitalization of $38.90 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.66 and a beta of 0.57. Exelon has a 1 year low of $35.71 and a 1 year high of $44.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EXC. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Exelon by 2.0% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 34,193 shares of the company’s stock worth $1,393,000 after purchasing an additional 661 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Exelon by 117.0% in the first quarter. Sei Investments Co. now owns 570,911 shares of the company’s stock valued at $23,915,000 after acquiring an additional 307,798 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Exelon by 16.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 520,123 shares of the company’s stock valued at $20,886,000 after acquiring an additional 75,280 shares in the last quarter. RWC Asset Management LLP increased its stake in shares of Exelon by 14.0% during the second quarter. RWC Asset Management LLP now owns 571,678 shares of the company’s stock worth $23,290,000 after acquiring an additional 70,269 shares during the period. Finally, Adviser Investments LLC raised its holdings in Exelon by 105.1% during the second quarter. Adviser Investments LLC now owns 17,124 shares of the company’s stock worth $698,000 after purchasing an additional 8,774 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.