Exelon’s (EXC) “In-Line” Rating Reiterated at Evercore ISI

Evercore ISI restated their in-line rating on shares of Exelon (NASDAQ:EXC) in a report issued on Tuesday, MarketBeat reports. Evercore ISI currently has a $48.00 price objective on the stock, up from their prior price objective of $46.00.

Other analysts also recently issued research reports about the stock. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group raised their target price on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley increased their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $45.63.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $47.26 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon has a 12-month low of $34.01 and a 12-month high of $48.11. The company’s 50 day moving average price is $44.25 and its two-hundred day moving average price is $40.77. The firm has a market cap of $47.71 billion, a PE ratio of 19.29, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter last year, the firm posted $0.60 EPS. Equities research analysts predict that Exelon will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.39%. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exelon

Several institutional investors and hedge funds have recently made changes to their positions in EXC. Ameriflex Group Inc. acquired a new stake in Exelon during the 4th quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new position in Exelon in the fourth quarter valued at $28,000. Stephens Consulting LLC grew its holdings in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Exelon in the 4th quarter worth about $30,000. Finally, Crews Bank & Trust acquired a new position in shares of Exelon in the 4th quarter valued at about $34,000. Institutional investors and hedge funds 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.