Exelon (EXC) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Exelon (NYSE:EXC) from a hold rating to a buy rating in a report released on Friday.

Several other analysts have also commented on EXC. Zacks Investment Research lowered Exelon from a buy rating to a hold rating in a report on Friday, November 16th. SunTrust Banks reaffirmed a hold rating and issued a $48.00 price objective on shares of Exelon in a report on Monday, December 3rd. Barclays lifted their price objective on Exelon from $46.00 to $47.00 and gave the stock a hold rating in a report on Monday, November 19th. Credit Suisse Group lifted their price objective on Exelon from $47.00 to $48.00 and gave the stock an outperform rating in a report on Tuesday, November 6th. Finally, Morgan Stanley set a $48.00 price objective on Exelon and gave the stock a hold rating in a report on Friday, November 2nd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $46.44.

Shares of EXC traded up $0.06 during trading hours on Friday, hitting $46.96. The stock had a trading volume of 4,611,791 shares, compared to its average volume of 5,073,214. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon has a 12 month low of $35.57 and a 12 month high of $47.40. The firm has a market capitalization of $45.35 billion, a P/E ratio of 18.06, a PEG ratio of 3.29 and a beta of 0.30.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $8.74 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Exelon’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Exelon will post 3.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be given a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 annualized dividend and a yield of 2.94%. Exelon’s dividend payout ratio (DPR) is presently 53.08%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. California Public Employees Retirement System lifted its position in shares of Exelon by 26.1% in the second quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock valued at $132,344,000 after acquiring an additional 643,409 shares in the last quarter. Balasa Dinverno & Foltz LLC lifted its position in shares of Exelon by 6.9% in the third quarter. Balasa Dinverno & Foltz LLC now owns 37,598 shares of the energy giant’s stock valued at $1,642,000 after acquiring an additional 2,437 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Exelon in the third quarter valued at about $185,000. BlackRock Inc. lifted its position in shares of Exelon by 1.0% in the second quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after acquiring an additional 721,483 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new position in shares of Exelon in the second quarter valued at about $270,000. Institutional investors own 78.77% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Analyst Recommendations for Exelon (NYSE:EXC)

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