Exelon Corporation (EXC) Receives $40.18 Consensus Price Target from Analysts
Shares of Exelon Corporation (NYSE:EXC) have been assigned an average rating of “Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $40.18.
A number of brokerages have issued reports on EXC. Barclays PLC reaffirmed an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Morgan Stanley raised their price objective on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Finally, KeyCorp reissued a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research note on Friday, September 1st.
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Exelon Corporation (NYSE:EXC) traded down 0.52% during midday trading on Wednesday, reaching $38.15. The company’s stock had a trading volume of 4,122,048 shares. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The firm has a market capitalization of $36.63 billion, a P/E ratio of 20.17 and a beta of 0.29. The company’s 50-day moving average is $37.82 and its 200 day moving average is $36.60.
Exelon Corporation (NYSE:EXC) last issued its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts expect that Exelon Corporation will post $2.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a yield of 3.43%. Exelon Corporation’s payout ratio is currently 68.59%.
In other Exelon Corporation news, CFO Jonathan W. Thayer sold 202,950 shares of Exelon Corporation stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the transaction, the chief financial officer now owns 237,181 shares in the company, valued at approximately $9,012,878. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation stock in a transaction on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the transaction, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. Insiders sold a total of 486,952 shares of company stock valued at $18,509,309 over the last ninety days. 0.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Exelon Corporation by 3,711.9% in the 1st quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after purchasing an additional 72,335,239 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Exelon Corporation by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after purchasing an additional 4,453,759 shares during the last quarter. State Street Corp boosted its holdings in shares of Exelon Corporation by 1.9% in the 1st quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock valued at $2,050,464,000 after purchasing an additional 1,066,298 shares during the last quarter. FMR LLC boosted its holdings in shares of Exelon Corporation by 11.5% in the 2nd 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 last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Exelon Corporation by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock valued at $858,530,000 after purchasing an additional 180,098 shares during the last quarter. Institutional investors own 76.78% of the company’s stock.
Exelon Corporation 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.
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