Analysts Set Exelon Co. (EXC) Price Target at $40.53

Exelon Co. (NYSE:EXC) has earned an average rating of “Buy” from the twenty ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $40.53.

A number of research firms have recently issued reports on EXC. Bank of America began coverage on shares of Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. SunTrust Banks reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon in a report on Thursday, October 12th. Goldman Sachs Group downgraded shares of Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price objective for the company. in a report on Wednesday, October 11th. J P Morgan Chase & Co boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Exelon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th.

In other Exelon news, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares in the company, valued at $1,061,910.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the completion of the sale, the chairman now owns 746,986 shares in the company, valued at approximately $29,916,789.30. The disclosure for this sale can be found here. Insiders have sold 1,312,788 shares of company stock worth $52,714,749 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Exelon by 6.9% during the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after buying an additional 4,453,759 shares during the last quarter. FMR LLC lifted its position in Exelon by 11.5% during the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after purchasing an additional 5,572,093 shares during the period. Franklin Resources Inc. lifted its position in Exelon by 60.2% during the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after purchasing an additional 4,102,441 shares during the period. LSV Asset Management lifted its position in Exelon by 2.6% during the second quarter. LSV Asset Management now owns 10,891,305 shares of the energy giant’s stock valued at $392,849,000 after purchasing an additional 272,700 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Exelon by 3.1% during the third quarter. Wells Fargo & Company MN now owns 9,402,609 shares of the energy giant’s stock valued at $354,196,000 after purchasing an additional 280,855 shares during the period. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Exelon (NYSE EXC) traded up $0.03 on Monday, hitting $39.07. 3,983,853 shares of the stock were exchanged, compared to its average volume of 4,940,462. The stock has a market cap of $38,038.68, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.45 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. Exelon has a 12-month low of $33.30 and a 12-month high of $42.67.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Tuesday, November 14th. Exelon’s dividend payout ratio is currently 58.74%.

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Exelon Company Profile

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.

Analyst Recommendations for Exelon (NYSE:EXC)

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