Exelon Corporation (NASDAQ:EXC) Given Average Recommendation of “Hold” by Brokerages

Exelon Corporation (NASDAQ:EXC) has earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $49.3846.

A number of brokerages recently commented on EXC. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. UBS Group dropped their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. decreased their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Barclays dropped their price target on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th.

Institutional Investors Weigh In On Exelon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXC. Caxton Associates LLP purchased a new position in shares of Exelon during the first quarter worth approximately $286,000. Woodline Partners LP boosted its stake in Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares during the period. DAVENPORT & Co LLC grew its position in Exelon by 12.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 6,733 shares of the company’s stock worth $292,000 after purchasing an additional 727 shares during the last quarter. Blair William & Co. IL increased its stake in Exelon by 2.4% in the second quarter. Blair William & Co. IL now owns 48,228 shares of the company’s stock valued at $2,094,000 after purchasing an additional 1,142 shares during the period. Finally, Callan Family Office LLC raised its holdings in shares of Exelon by 213.3% in the second quarter. Callan Family Office LLC now owns 18,075 shares of the company’s stock valued at $785,000 after buying an additional 12,306 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.6%

Shares of EXC stock opened at $44.33 on Monday. Exelon has a fifty-two week low of $40.81 and a fifty-two week high of $48.51. The company has a 50 day moving average price of $43.98 and a 200 day moving average price of $44.81. The stock has a market capitalization of $44.79 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.