Wolfe Research Upgrades Exelon Corporation (NYSE:EXC) to “Outperform”
Several other brokerages have also commented on EXC. UBS AG raised Exelon Corporation from a neutral rating to a buy rating and boosted their price objective for the stock from $36.00 to $37.50 in a report on Monday, May 15th. BidaskClub upgraded Exelon Corporation from a hold rating to a buy rating in a research report on Tuesday, June 20th. Credit Suisse Group restated a buy rating and issued a $42.00 target price on shares of Exelon Corporation in a research report on Tuesday, May 30th. ValuEngine downgraded Exelon Corporation from a buy rating to a hold rating in a research report on Saturday, June 3rd. Finally, BMO Capital Markets restated a hold rating and issued a $37.00 target price on shares of Exelon Corporation in a research report on Thursday, May 4th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Exelon Corporation presently has a consensus rating of Buy and an average price target of $39.07.
Exelon Corporation (NYSE EXC) traded down 0.24% during midday trading on Monday, reaching $37.51. 603,462 shares of the company traded hands. Exelon Corporation has a one year low of $29.82 and a one year high of $37.76. The firm has a market capitalization of $34.74 billion, a price-to-earnings ratio of 17.85 and a beta of 0.26. The firm has a 50-day moving average price of $36.48 and a 200-day moving average price of $35.75.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.69 billion. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. Equities analysts predict that Exelon Corporation will post $2.67 EPS for the current fiscal year.
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In other news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the transaction, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at $1,967,429.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John W. Rogers, Jr. purchased 3,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the acquisition, the director now owns 14,374 shares of the company’s stock, valued at $482,535.18. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Live Your Vision LLC increased its position in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. increased its position in shares of Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after buying an additional 2,610 shares during the last quarter. V Wealth Management LLC acquired a new position in shares of Exelon Corporation during the second quarter worth about $111,000. Hudock Capital Group LLC increased its position in shares of Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock worth $114,000 after buying an additional 240 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its position in shares of Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock worth $122,000 after buying an additional 372 shares during the last quarter. 74.91% of the stock is currently owned by hedge funds and other institutional investors.
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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