Exelon (NYSE:EXC) had its target price lowered by Morgan Stanley from $48.00 to $47.00 in a research note published on Wednesday. Morgan Stanley currently has an equal weight rating on the energy giant’s stock.

EXC has been the subject of several other reports. Scotiabank reaffirmed a sector outperform rating on shares of Exelon in a research report on Wednesday, July 25th. Zacks Investment Research lowered shares of Exelon from a buy rating to a hold rating in a research report on Wednesday, August 8th. Macquarie raised their price target on shares of Exelon from $45.00 to $46.00 and gave the stock a buy rating in a research report on Monday. KeyCorp raised their price target on shares of Exelon from $43.00 to $46.00 and gave the stock an overweight rating in a research report on Friday, August 17th. Finally, ValuEngine raised shares of Exelon from a hold rating to a buy rating in a research report on Friday, June 1st. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $45.11.

Shares of Exelon stock traded up $0.53 during midday trading on Wednesday, hitting $42.73. The company had a trading volume of 85,663 shares, compared to its average volume of 5,078,452. The firm has a market capitalization of $41.13 billion, a P/E ratio of 16.38, a PEG ratio of 2.43 and a beta of 0.21. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 1.02. Exelon has a 12-month low of $35.57 and a 12-month high of $45.05.

Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. Exelon’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. research analysts anticipate that Exelon will post 3.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, November 14th. Exelon’s dividend payout ratio is presently 53.08%.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Exelon by 1.0% during the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after purchasing an additional 721,483 shares in the last quarter. LSV Asset Management increased its holdings in shares of Exelon by 4.6% during the 2nd quarter. LSV Asset Management now owns 12,606,244 shares of the energy giant’s stock valued at $537,025,000 after purchasing an additional 550,382 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Exelon by 269.4% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock valued at $485,304,000 after purchasing an additional 9,072,773 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Exelon by 3.2% during the 2nd quarter. Northern Trust Corp now owns 11,544,424 shares of the energy giant’s stock valued at $491,793,000 after purchasing an additional 359,605 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of Exelon by 3.0% during the 1st quarter. FIL Ltd now owns 9,553,259 shares of the energy giant’s stock valued at $372,673,000 after purchasing an additional 275,402 shares in the last quarter. 78.57% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Exelon (NYSE:EXC)

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