Exelon (NASDAQ:EXC) Price Target Cut to $44.00

Exelon (NASDAQ:EXC – Get Rating) had its price objective decreased by equities research analysts at BMO Capital Markets from $46.00 to $44.00 in a research note issued on Thursday, The Fly reports. BMO Capital Markets’ price objective would suggest a potential upside of 11.70% from the company’s previous close.

Several other equities analysts have also recently weighed in on EXC. Wells Fargo & Company decreased their price objective on Exelon from $47.00 to $45.00 in a report on Wednesday, February 15th. Morgan Stanley boosted their target price on shares of Exelon from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Mizuho dropped their target price on shares of Exelon from $46.00 to $45.00 in a report on Tuesday, May 16th. Finally, StockNews.com started coverage on shares of Exelon in a report on Thursday, May 18th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.30.

Exelon Price Performance

NASDAQ EXC opened at $39.39 on Thursday. Exelon has a fifty-two week low of $35.19 and a fifty-two week high of $49.86. The stock’s 50-day moving average is $41.73 and its two-hundred day moving average is $41.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.96 and a quick ratio of 0.88. The firm has a market cap of $39.18 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62.

Exelon (NASDAQ:EXC – Get Rating) last released its earnings results on Wednesday, May 3rd. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.54 billion. Exelon had a return on equity of 9.41% and a net margin of 11.61%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. On average, analysts anticipate that Exelon will post 2.35 earnings per share for the current fiscal year.

Insider Activity

In other Exelon news, CEO Carim V. Khouzami sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $41.65, for a total value of $249,900.00. Following the completion of the transaction, the chief executive officer now directly owns 4,498 shares in the company, valued at $187,341.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Exelon

A number of institutional investors have recently modified their holdings of the company. SVB Wealth LLC raised its stake in shares of Exelon by 2.9% during the 1st quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock worth $367,000 after purchasing an additional 219 shares in the last quarter. First Financial Corp IN lifted its position in shares of Exelon by 47.0% during the 4th quarter. First Financial Corp IN now owns 735 shares of the company’s stock worth $32,000 after buying an additional 235 shares during the period. Keybank National Association OH raised its position in Exelon by 2.7% in the 4th quarter. Keybank National Association OH now owns 9,091 shares of the company’s stock valued at $393,000 after purchasing an additional 240 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Exelon by 2.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 11,283 shares of the company’s stock valued at $473,000 after purchasing an additional 248 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Exelon by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 18,411 shares of the company’s stock valued at $775,000 after buying an additional 248 shares during the period. 80.60% of the stock is currently owned by institutional investors.

Exelon Company Profile

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Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).