Exelon (NASDAQ:EXC) Price Target Lowered to $37.00 at Scotiabank

Exelon (NASDAQ:EXC) had its target price decreased by Scotiabank from $39.00 to $37.00 in a research report sent to investors on Monday, Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on EXC. UBS Group downgraded shares of Exelon from a buy rating to a neutral rating and lowered their target price for the company from $47.00 to $37.00 in a report on Tuesday, January 2nd. TheStreet downgraded Exelon from a b- rating to a c+ rating in a report on Wednesday, February 7th. Barclays increased their target price on Exelon from $36.00 to $39.00 and gave the stock an overweight rating in a research report on Thursday, March 14th. Wells Fargo & Company lowered their price target on Exelon from $41.00 to $39.00 and set an equal weight rating for the company in a research report on Thursday, February 22nd. Finally, Mizuho upgraded Exelon from a neutral rating to a buy rating and raised their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $38.92.

Exelon Trading Up 0.3 %

Shares of Exelon stock opened at $37.67 on Monday. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $43.71. The business’s fifty day moving average is $36.49 and its two-hundred day moving average is $37.11. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The firm has a market cap of $37.65 billion, a PE ratio of 16.17, a P/E/G ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts anticipate that Exelon will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is currently 65.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Heritage Wealth Advisors increased its holdings in Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Exelon during the first quarter worth approximately $26,000. Antonetti Capital Management LLC increased its stake in shares of Exelon by 98.8% in the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Addison Advisors LLC raised its holdings in Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in Exelon during the 3rd quarter valued at $31,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

About Exelon

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.