Wells Fargo & Company Boosts Exelon (NASDAQ:EXC) Price Target to $40.00

Exelon (NASDAQ:EXC) had its price target hoisted by Wells Fargo & Company from $39.00 to $40.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also commented on EXC. Mizuho raised Exelon from a neutral rating to a buy rating and increased their price objective for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. Barclays raised their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an overweight rating in a research note on Thursday, March 14th. StockNews.com raised shares of Exelon from a sell rating to a hold rating in a research note on Monday, March 25th. Scotiabank lowered their target price on shares of Exelon from $39.00 to $37.00 and set a sector perform rating for the company in a research note on Monday, April 22nd. Finally, BMO Capital Markets increased their price target on Exelon from $40.00 to $42.00 and gave the stock an outperform rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Exelon has an average rating of Hold and an average target price of $38.83.

Exelon Price Performance

Shares of NASDAQ EXC opened at $37.55 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The stock has a market cap of $37.55 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.71 and a beta of 0.53. The company’s 50-day moving average price is $36.94 and its 200 day moving average price is $36.98. Exelon has a 52 week low of $33.35 and a 52 week high of $43.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the company posted $0.43 EPS. The company’s revenue was up 15.0% on a year-over-year basis. As a group, research analysts forecast that Exelon will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Institutional Trading of Exelon

Institutional investors have recently modified their holdings of the company. Heritage Wealth Advisors grew its stake in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after buying an additional 495 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Exelon during the 1st quarter valued at $26,000. Antonetti Capital Management LLC boosted its position in Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Addison Advisors LLC grew its stake in shares of 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 buying an additional 276 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in Exelon during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

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.