SunTrust Banks restated their hold rating on shares of Exelon (NYSE:EXC) in a research report sent to investors on Monday. They currently have a $45.00 price objective on the energy giant’s stock.

A number of other equities research analysts also recently weighed in on EXC. Scotiabank reiterated a sector outperform rating on shares of Exelon in a report on Wednesday, July 25th. Macquarie set a $46.00 target price on Exelon and gave the stock a buy rating in a report on Monday. Zacks Investment Research downgraded Exelon from a buy rating to a hold rating in a report on Monday, July 23rd. Howard Weil began coverage on Exelon in a report on Tuesday, July 24th. They issued a sector outperform rating and a $47.00 target price for the company. Finally, Morgan Stanley lifted their target price on Exelon from $46.00 to $48.00 and gave the stock a hold rating in a report on Friday. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $45.17.

Shares of EXC stock opened at $43.20 on Monday. The company has a market capitalization of $42.16 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 2.48 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 fifty-two week low of $35.57 and a fifty-two week high of $45.05.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.19%. Exelon’s dividend payout ratio (DPR) is presently 53.08%.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Exelon by 1.0% in the second quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after acquiring an additional 721,483 shares during the period. LSV Asset Management grew its stake in Exelon by 4.6% in the second quarter. LSV Asset Management now owns 12,606,244 shares of the energy giant’s stock valued at $537,025,000 after acquiring an additional 550,382 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Exelon by 269.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock valued at $485,304,000 after acquiring an additional 9,072,773 shares during the period. Northern Trust Corp grew its stake in Exelon by 3.2% in the second quarter. Northern Trust Corp now owns 11,544,424 shares of the energy giant’s stock valued at $491,793,000 after acquiring an additional 359,605 shares during the period. Finally, FIL Ltd grew its stake in Exelon by 3.0% in the first quarter. FIL Ltd now owns 9,553,259 shares of the energy giant’s stock valued at $372,673,000 after acquiring an additional 275,402 shares during the period. 78.57% of the stock is owned by hedge funds and other institutional investors.

Exelon Company Profile

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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