Research Analysts Issue Forecasts for Exelon Co.’s Q1 2017 Earnings (EXC)
Exelon Co. (NYSE:EXC) – Analysts at KeyCorp dropped their Q1 2017 earnings per share (EPS) estimates for shares of Exelon in a research note issued to investors on Tuesday. KeyCorp analyst P. Ridzon now expects that the energy giant will post earnings per share of $0.61 for the quarter, down from their prior forecast of $0.67. KeyCorp has a “Overweight” rating and a $41.00 price target on the stock.
A number of other research analysts have also recently weighed in on EXC. Jefferies Group LLC reiterated a “buy” rating and issued a $39.50 target price (up from $37.00) on shares of Exelon in a research note on Friday, December 23rd. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, December 28th. Royal Bank of Canada set a $40.00 target price on shares of Exelon and gave the company a “buy” rating in a research note on Wednesday, January 4th. Credit Suisse Group AG started coverage on shares of Exelon in a research note on Wednesday, January 25th. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, Goldman Sachs Group Inc dropped their target price on shares of Exelon from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, February 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.54.
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Exelon (NYSE:EXC) opened at 35.46 on Thursday. The stock’s 50 day moving average is $35.97 and its 200-day moving average is $34.61. Exelon has a 1-year low of $29.82 and a 1-year high of $37.70. The firm has a market capitalization of $32.86 billion, a P/E ratio of 29.07 and a beta of 0.26.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Wednesday, February 8th. The energy giant reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.01. Exelon had a return on equity of 9.24% and a net margin of 3.59%. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in Exelon by 0.5% in the fourth quarter. State Street Corp now owns 55,922,259 shares of the energy giant’s stock worth $1,984,678,000 after buying an additional 298,425 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Exelon by 13.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 41,934,992 shares of the energy giant’s stock worth $1,396,016,000 after buying an additional 5,128,151 shares during the period. LSV Asset Management raised its stake in Exelon by 1.6% in the third quarter. LSV Asset Management now owns 10,088,215 shares of the energy giant’s stock worth $335,836,000 after buying an additional 155,600 shares during the period. Norges Bank purchased a new stake in Exelon during the fourth quarter worth $295,370,000. Finally, AQR Capital Management LLC raised its stake in Exelon by 10.2% in the fourth quarter. AQR Capital Management LLC now owns 5,968,904 shares of the energy giant’s stock worth $211,836,000 after buying an additional 551,480 shares during the period. 75.83% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Duane M. Desparte sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $35.82, for a total value of $179,100.00. Following the sale, the senior vice president now owns 9,914 shares of the company’s stock, valued at $355,119.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.
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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