Barclays PLC reaffirmed their overweight rating on shares of Exelon Co. (NYSE:EXC) in a research note published on Sunday, April 23rd. Barclays PLC currently has a $43.00 price objective on the energy giant’s stock, up from their prior price objective of $40.00.
Several other analysts have also issued reports on EXC. Zacks Investment Research raised shares of Exelon from a hold rating to a buy rating and set a $40.00 price target on the stock in a research report on Wednesday, December 28th. Royal Bank of Canada set a $40.00 price target on shares of Exelon and gave the company a buy rating in a research report on Wednesday, January 4th. Credit Suisse Group AG assumed coverage on shares of Exelon in a research note on Wednesday, January 25th. They set an outperform rating and a $39.00 price objective for the company. Goldman Sachs Group Inc reduced their price objective on shares of Exelon from $38.00 to $37.00 and set a neutral rating for the company in a research note on Friday, February 10th. Finally, KeyCorp raised shares of Exelon from a sector weight rating to an overweight rating and set a $41.00 price objective for the company in a research note on Monday, February 13th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $38.73.
Shares of Exelon (NYSE:EXC) traded up 1.34% during mid-day trading on Friday, hitting $35.53. The company had a trading volume of 5,684,386 shares. The company has a market capitalization of $32.90 billion, a P/E ratio of 16.91 and a beta of 0.26. Exelon has a one year low of $29.82 and a one year high of $37.70. The firm’s 50-day moving average price is $35.05 and its 200 day moving average price is $34.93.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. Exelon had a net margin of 3.59% and a return on equity of 9.24%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts predict that Exelon will post $2.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Monday, May 15th will be issued a $0.3275 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.31 annualized dividend and a yield of 3.69%. Exelon’s dividend payout ratio (DPR) is presently 106.50%.
In other news, SVP Duane M. Desparte sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $35.82, for a total value of $179,100.00. Following the sale, the senior vice president now directly owns 9,914 shares of the company’s stock, valued at approximately $355,119.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Rogers, Jr. bought 3,000 shares of Exelon stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the transaction, the director now directly owns 14,374 shares in the company, valued at $482,535.18. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. CT Financial Advisors LLC increased its stake in Exelon by 0.3% in the first quarter. CT Financial Advisors LLC now owns 4,131 shares of the energy giant’s stock worth $149,000 after buying an additional 12 shares in the last quarter. Cable Hill Partners LLC increased its stake in Exelon by 0.8% in the third quarter. Cable Hill Partners LLC now owns 3,215 shares of the energy giant’s stock worth $103,000 after buying an additional 26 shares in the last quarter. Live Your Vision LLC increased its stake in Exelon by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after buying an additional 27 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in shares of Exelon by 0.4% in the first quarter. Cornerstone Investment Partners LLC now owns 9,801 shares of the energy giant’s stock valued at $353,000 after buying an additional 36 shares during the period. Finally, Chesley Taft & Associates LLC increased its stake in shares of Exelon by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant’s stock valued at $212,000 after buying an additional 37 shares during the period. 75.83% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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