Exelon (EXC) Coverage Initiated at Mizuho
Mizuho assumed coverage on shares of Exelon (NYSE:EXC) in a research report issued to clients and investors on Friday. The brokerage set an “underperform” rating and a $36.00 price target on the energy giant’s stock. Mizuho’s price target points to a potential downside of 11.79% from the stock’s current price.
EXC has been the subject of several other research reports. Bank of America began coverage on shares of Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target for the company. SunTrust Banks reissued a “buy” rating and issued a $41.00 price target on shares of Exelon in a research report on Thursday, October 12th. Goldman Sachs Group cut shares of Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price target for the company. in a research report on Wednesday, October 11th. J P Morgan Chase & Co raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Exelon from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.53.
Exelon (EXC) opened at $40.81 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. Exelon has a 1 year low of $33.30 and a 1 year high of $42.67. The company has a market cap of $39,488.41, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 3.58 and a beta of 0.30.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same period in the prior year, the business earned $0.91 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. equities research analysts forecast that Exelon will post 2.65 earnings per share for the current fiscal year.
In related news, Chairman Mayo A. Shattuck III sold 379,337 shares of Exelon stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,916,789.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth W. Cornew sold 25,000 shares of Exelon stock in a transaction on Monday, September 25th. The stock was sold at an average price of $37.44, for a total transaction of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,788 shares of company stock worth $52,714,749 over the last quarter. 0.70% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Bank of Nova Scotia Trust Co. acquired a new position in Exelon in the third quarter valued at $102,000. Sandy Spring Bank increased its stake in Exelon by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the period. Sterling Investment Advisors Ltd. increased its stake in Exelon by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after purchasing an additional 37 shares during the period. Live Your Vision LLC increased its stake in Exelon by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 26 shares during the period. Finally, Hudock Capital Group LLC increased its stake in Exelon by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 77.45% of the company’s stock.
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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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