Exelon Corporation (EXC) Rating Reiterated by Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their buy rating on shares of Exelon Corporation (NYSE:EXC) in a research report report published on Tuesday morning. They currently have a $43.00 target price on the energy giant’s stock.
A number of other brokerages have also recently weighed in on EXC. Zacks Investment Research cut shares of Exelon Corporation from a hold rating to a sell rating in a research report on Tuesday, October 10th. KeyCorp reissued a buy rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Friday, September 1st. Barclays PLC reissued an overweight rating and set a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. ValuEngine raised shares of Exelon Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. Finally, Morgan Stanley lifted their price target on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an equal weight rating in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Exelon Corporation has an average rating of Buy and an average price target of $40.64.
Shares of Exelon Corporation (NYSE EXC) opened at $41.30 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. Exelon Corporation has a fifty-two week low of $29.82 and a fifty-two week high of $41.56. The company has a market cap of $39,498.02, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 3.56 and a beta of 0.31.
Exelon Corporation (NYSE:EXC) last released its 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). Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. During the same period in the prior year, the firm posted $0.91 EPS. Exelon Corporation’s revenue was down 2.6% on a year-over-year basis. equities analysts forecast that Exelon Corporation will post 2.66 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a yield of 3.17%. Exelon Corporation’s dividend payout ratio (DPR) is presently 58.74%.
In other Exelon Corporation news, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the sale, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the sale, the executive vice president now directly owns 39,769 shares in the company, valued at $1,523,550.39. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,787 shares of company stock worth $52,683,909 over the last three months. Insiders own 0.70% of the company’s stock.
A number of large investors have recently modified their holdings of EXC. Indiana Trust & Investment Management CO lifted its position in Exelon Corporation by 1.5% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 12,408 shares of the energy giant’s stock worth $448,000 after buying an additional 178 shares in the last quarter. DnB Asset Management AS lifted its position in Exelon Corporation by 1.1% during the 2nd quarter. DnB Asset Management AS now owns 123,939 shares of the energy giant’s stock worth $4,470,000 after buying an additional 1,300 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in Exelon Corporation by 0.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 72,640 shares of the energy giant’s stock worth $2,620,000 after buying an additional 402 shares in the last quarter. BKD Wealth Advisors LLC lifted its position in Exelon Corporation by 2.2% during the 2nd quarter. BKD Wealth Advisors LLC now owns 10,064 shares of the energy giant’s stock worth $363,000 after buying an additional 219 shares in the last quarter. Finally, First American Bank increased its stake in shares of Exelon Corporation by 23.1% during the 2nd quarter. First American Bank now owns 96,499 shares of the energy giant’s stock worth $3,480,000 after purchasing an additional 18,086 shares during the last quarter. 77.44% of the stock is currently 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.
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