Exelon (EXC) Receives “Hold” Rating from SunTrust Banks

SunTrust Banks reissued their hold rating on shares of Exelon (NYSE:EXC) in a report issued on Tuesday. SunTrust Banks currently has a $49.00 price target on the energy giant’s stock.

Several other research firms also recently commented on EXC. Royal Bank of Canada reiterated a buy rating and set a $46.00 target price on shares of Exelon in a research report on Wednesday, November 7th. Zacks Investment Research upgraded shares of Exelon from a hold rating to a buy rating and set a $53.00 target price on the stock in a research report on Friday, December 7th. ValuEngine upgraded shares of Exelon from a hold rating to a buy rating in a research report on Wednesday, October 24th. Morgan Stanley lifted their target price on shares of Exelon from $47.00 to $49.00 and gave the stock an equal weight rating in a research report on Tuesday. Finally, Barclays lifted their target price on shares of Exelon from $46.00 to $47.00 and gave the stock a hold rating in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $46.76.

EXC opened at $47.92 on Tuesday. Exelon has a 1-year low of $36.22 and a 1-year high of $48.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.17. The company has a market capitalization of $46.38 billion, a PE ratio of 15.36, a P/E/G ratio of 3.31 and a beta of 0.39.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Exelon had a net margin of 5.58% and a return on equity of 9.18%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the company posted $0.55 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that Exelon will post 3.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 20th will be given a $0.3625 dividend. The ex-dividend date is Tuesday, February 19th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.03%. This is an increase from Exelon’s previous quarterly dividend of $0.35. Exelon’s payout ratio is 44.23%.

Several hedge funds and other institutional investors have recently modified their holdings of EXC. Schroder Investment Management Group lifted its position in shares of Exelon by 20.2% in the 2nd quarter. Schroder Investment Management Group now owns 216,228 shares of the energy giant’s stock worth $9,142,000 after purchasing an additional 36,301 shares during the period. Cookson Peirce & Co. Inc. bought a new stake in shares of Exelon in the 3rd quarter valued at $647,000. First Hawaiian Bank bought a new stake in shares of Exelon in the 3rd quarter valued at $1,375,000. Andra AP fonden increased its stake in shares of Exelon by 11.6% in the 3rd quarter. Andra AP fonden now owns 218,900 shares of the energy giant’s stock valued at $9,557,000 after acquiring an additional 22,700 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Exelon by 55.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 253,998 shares of the energy giant’s stock valued at $11,088,000 after acquiring an additional 90,846 shares in the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

About Exelon

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.

Featured Story: The benefits and drawbacks of dollar cost averaging

Analyst Recommendations for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit