Exelon Co. (NASDAQ:EXC) Receives Consensus Rating of “Hold” from Analysts

Shares of Exelon Co. (NASDAQ:EXC) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.40.

EXC has been the subject of several research reports. Guggenheim raised their target price on Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. KeyCorp lowered Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target on the stock. in a report on Wednesday, May 14th. Evercore ISI boosted their price objective on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th.

Exelon Stock Down 0.8%

Shares of NASDAQ:EXC opened at $43.46 on Wednesday. Exelon has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The business’s 50-day moving average is $45.21 and its 200-day moving average is $42.01. The company has a market capitalization of $43.87 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 2.86 and a beta of 0.40.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. Equities research analysts predict that Exelon will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Monday, May 12th. Exelon’s payout ratio is currently 59.48%.

Hedge Funds Weigh In On Exelon

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in Exelon during the fourth quarter worth about $479,597,000. Price T Rowe Associates Inc. MD lifted 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 worth $1,039,545,000 after buying an additional 7,483,873 shares in the last quarter. Nuveen LLC bought a new position in shares of Exelon during the 1st quarter worth approximately $285,428,000. FMR LLC boosted its stake in shares of Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after buying an additional 5,524,103 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Exelon by 43.3% in the fourth 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 acquiring an additional 3,878,687 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Company Profile

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.