KeyCorp Issues Pessimistic Forecast for Exelon (NASDAQ:EXC) Stock Price

Exelon (NASDAQ:EXC) had its price target dropped by investment analysts at KeyCorp from $39.00 to $37.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. KeyCorp’s target price suggests a potential downside of 13.85% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. UBS Group restated a “neutral” rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley decreased their price target on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, April 28th. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company boosted their target price on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $47.20.

Exelon Stock Performance

NASDAQ EXC opened at $42.95 on Wednesday. The company has a market capitalization of $43.36 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.51 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon has a twelve month low of $35.84 and a twelve month high of $48.11. The stock has a fifty day simple moving average of $43.23 and a 200 day simple moving average of $43.09.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Sell-side analysts expect that Exelon will post 2.64 EPS for the current year.

Institutional Trading of Exelon

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Exelon in the fourth quarter worth $479,597,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exelon by 37.2% in 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 during the last quarter. Nuveen LLC bought a new position in Exelon during the first quarter valued at about $285,428,000. FMR LLC increased its holdings in Exelon by 46.9% during the fourth 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 raised its position in 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 worth $483,525,000 after acquiring an additional 3,878,687 shares during the period. 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.