Exelon Corporation (EXC) Given Consensus Rating of “Buy” by Analysts

Exelon Corporation (NYSE:EXC) has earned a consensus rating of “Buy” from the nineteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.64.

Several brokerages have commented on EXC. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a report on Thursday, October 12th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Barclays PLC reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. J P Morgan Chase & Co increased their price target on shares of Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Finally, ValuEngine raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

Shares of Exelon Corporation (NYSE:EXC) traded up $0.11 on Thursday, hitting $41.50. 3,058,800 shares of the company’s stock traded hands, compared to its average volume of 4,859,195. Exelon Corporation has a one year low of $31.77 and a one year high of $42.67. The firm has a market capitalization of $39,738.04, a PE ratio of 16.69, a price-to-earnings-growth ratio of 3.60 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03.

Exelon Corporation (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. sell-side analysts forecast that Exelon Corporation will post 2.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is 58.74%.

In other news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.12, for a total transaction of $22,750,848.40. Following the completion of the sale, the chairman now directly owns 746,986 shares of the company’s stock, valued at $29,969,078.32. The disclosure for this sale can be found here. Insiders sold 1,312,787 shares of company stock valued at $52,683,909 over the last three months. 0.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Andra AP fonden raised its position in Exelon Corporation by 7.8% during the third quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after acquiring an additional 11,600 shares in the last quarter. Heartland Advisors Inc. grew its holdings in Exelon Corporation by 3.9% during the second quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock valued at $13,484,000 after purchasing an additional 13,982 shares during the last quarter. Calamos Advisors LLC grew its holdings in Exelon Corporation by 667.0% during the second quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock valued at $25,765,000 after purchasing an additional 621,188 shares during the last quarter. Toronto Dominion Bank grew its holdings in Exelon Corporation by 24.2% during the second quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock valued at $52,426,000 after purchasing an additional 283,664 shares during the last quarter. Finally, Baillie Gifford & Co. grew its holdings in Exelon Corporation by 8.0% during the second quarter. Baillie Gifford & Co. now owns 404,952 shares of the energy giant’s stock valued at $14,606,000 after purchasing an additional 29,825 shares during the last quarter. 78.04% of the stock is currently owned by hedge funds and other institutional investors.

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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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