Exelon Corp.’s “Neutral” Rating Reaffirmed at Zacks (EXC)
Exelon Corp. (NYSE:EXC)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Tuesday, American Banking News reports. They currently have a $30.00 target price on the stock. Zacks‘ price target suggests a potential upside of 3.77% from the company’s current price.
Zacks‘ analyst wrote, “Exelon Corporation’s performance in the previous few quarters improved primarily on the back of operating and maintenance synergies as a result of the Constellation-merger, strong contribution from generating assets and positive impacts from strategic investments. These aforesaid factors will continue to benefit the company as we move forward. However, we prefer to remain on the sidelines based on the increased regulatory landscape and volatile commodity pricing. Thus, we have maintained our Neutral recommendation.”
Shares of Exelon Corp. (NYSE:EXC) traded down 0.21% during mid-day trading on Tuesday, hitting $28.91. 9,383,593 shares of the company’s stock traded hands. Exelon Corp. has a 52-week low of $26.45 and a 52-week high of $37.80. The stock’s 50-day moving average is $27.55 and its 200-day moving average is $29.01. The company has a market cap of $24.773 billion and a P/E ratio of 15.54.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of 0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of other firms have also recently commented on EXC. Analysts at Bank of America Corp. downgraded shares of Exelon Corp. to an “underperform” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Citigroup Inc. downgraded shares of Exelon Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, January 3rd. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.40.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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