BidaskClub upgraded shares of Exelon Corporation (NYSE:EXC) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

Several other equities research analysts also recently weighed in on the stock. Barclays PLC restated an overweight rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Citigroup Inc. upgraded shares of Exelon Corporation from a neutral rating to a buy rating and raised their target price for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG restated a buy rating and issued a $41.00 target price on shares of Exelon Corporation in a research note on Monday, July 17th. Wolfe Research upgraded shares of Exelon Corporation from a market perform rating to an outperform rating in a research note on Monday, July 17th. Finally, ValuEngine downgraded shares of Exelon Corporation from a buy rating to a hold rating in a research note on Saturday, June 3rd. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $39.92.

Exelon Corporation (NYSE:EXC) opened at 38.22 on Friday. The stock has a market capitalization of $36.69 billion, a price-to-earnings ratio of 20.21 and a beta of 0.27. The stock’s 50 day moving average is $37.54 and its 200-day moving average is $36.21. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78.

Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. Exelon Corporation’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. On average, equities research analysts expect that Exelon Corporation will post $2.69 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.3275 per share. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.

In related news, Chairman Mayo A. Shattuck III sold 465,892 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the completion of the transaction, the chairman now owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the transaction, the insider now directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 927,844 shares of company stock valued at $34,570,885. 0.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EXC. BlackRock Inc. boosted its position in shares of Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after buying an additional 72,335,239 shares during the period. Vanguard Group Inc. boosted its position in shares of Exelon Corporation by 6.9% in 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 period. State Street Corp boosted its position in shares of Exelon Corporation by 1.9% in the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock valued at $2,050,464,000 after buying an additional 1,066,298 shares during the period. FMR LLC boosted its position in shares of Exelon Corporation by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after buying an additional 5,572,093 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Exelon Corporation by 0.8% in the first quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock valued at $858,530,000 after buying an additional 180,098 shares during the period. 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.

Analyst Recommendations for Exelon Corporation (NYSE:EXC)

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