UBS Group Issues Positive Forecast for Exelon (NASDAQ:EXC) Stock Price

Exelon (NASDAQ:EXC) had its target price lifted by UBS Group from $46.00 to $48.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on EXC. Barclays upped their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Evercore ISI increased their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. BMO Capital Markets increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. KeyCorp downgraded shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective for the company. in a research note on Wednesday, May 14th. Finally, Guggenheim increased their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.40.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $43.79 on Monday. The company’s 50 day moving average price is $45.22 and its two-hundred day moving average price is $42.00. Exelon has a 12-month low of $34.01 and a 12-month high of $48.11. The firm has a market cap of $44.21 billion, a PE ratio of 17.87, a PEG ratio of 2.86 and a beta of 0.43. 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 (NASDAQ:EXC) last announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts predict that Exelon will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Monday, May 12th. Exelon’s dividend payout ratio (DPR) is currently 59.48%.

Hedge Funds Weigh In On Exelon

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXC. Norges Bank acquired a new position in shares of Exelon in the 4th quarter valued at about $479,597,000. Price T Rowe Associates Inc. MD boosted its position in shares of Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares in the last quarter. Nuveen LLC bought a new stake in shares of Exelon during the 1st quarter valued at about $285,428,000. FMR LLC boosted its position in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after purchasing an additional 5,524,103 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock valued at $483,525,000 after purchasing an additional 3,878,687 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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.