J P Morgan Chase & Co Increases Exelon Corporation (EXC) Price Target to $42.00

Exelon Corporation (NYSE:EXC) had its target price hoisted by analysts at J P Morgan Chase & Co from $40.00 to $42.00 in a research report issued on Thursday. The firm presently has an “overweight” rating on the energy giant’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 7.03% from the company’s current price.

A number of other research analysts also recently issued reports on EXC. ValuEngine raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Exelon Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC reissued an “overweight” rating and issued a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. KeyCorp reissued a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a research note on Friday, September 1st. Finally, Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Exelon Corporation currently has a consensus rating of “Buy” and a consensus target price of $40.23.

Exelon Corporation (EXC) traded up 0.77% during midday trading on Thursday, hitting $39.24. The stock had a trading volume of 6,376,659 shares. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $39.43. The stock has a market capitalization of $37.67 billion, a price-to-earnings ratio of 20.75 and a beta of 0.29. The company’s 50 day moving average price is $37.88 and its 200-day moving average price is $36.69.

Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Equities analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.

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In other news, EVP Kenneth W. Cornew sold 25,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the sale, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 486,952 shares of company stock worth $18,509,309. 0.70% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Hudock Capital Group LLC raised its stake in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares during the last quarter. Cambridge Advisors Inc. raised its stake in shares of Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock worth $249,000 after purchasing an additional 23 shares during the last quarter. Live Your Vision LLC raised its stake in shares of Exelon Corporation by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after purchasing an additional 26 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock worth $213,000 after purchasing an additional 35 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its stake in shares of Exelon Corporation by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares during the last quarter. 76.78% of the stock is owned by hedge funds and other institutional investors.

About Exelon Corporation

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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