Exelon Corporation (EXC) Receives Average Rating of “Buy” from Analysts
Exelon Corporation (NYSE:EXC) has received an average rating of “Buy” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.92.
EXC has been the topic of several analyst reports. UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $37.50 in a report on Monday, May 15th. Barclays PLC restated an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. BidaskClub cut shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $42.00 price target on shares of Exelon Corporation in a report on Tuesday, May 30th.
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Exelon Corporation (EXC) traded up 0.64% during mid-day trading on Tuesday, hitting $37.84. 4,521,508 shares of the company were exchanged. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The company’s 50-day moving average is $37.08 and its 200 day moving average is $36.05. The company has a market capitalization of $36.33 billion, a P/E ratio of 20.01 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Analysts expect that Exelon Corporation will post $2.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be given a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is currently 68.59%.
In related news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the sale, the insider now owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 53,102 shares in the company, valued at approximately $1,967,429.10. The disclosure for this sale can be found here. In the last three months, insiders sold 927,844 shares of company stock worth $34,570,885. Insiders own 0.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in Exelon Corporation by 10.6% in the second quarter. Sterling Capital Management LLC now owns 261,967 shares of the energy giant’s stock worth $9,449,000 after buying an additional 25,187 shares during the period. BB&T Investment Services Inc. purchased a new stake in Exelon Corporation during the second quarter worth $162,000. Scotia Capital Inc. raised its stake in Exelon Corporation by 8.6% in the second quarter. Scotia Capital Inc. now owns 8,868 shares of the energy giant’s stock worth $320,000 after buying an additional 699 shares during the period. Nomura Holdings Inc. purchased a new stake in Exelon Corporation during the second quarter worth $11,689,000. Finally, Stonebridge Capital Advisors LLC raised its position in shares of Exelon Corporation by 8.1% in the second quarter. Stonebridge Capital Advisors LLC now owns 70,139 shares of the energy giant’s stock worth $2,530,000 after buying an additional 5,285 shares during the last quarter. 72.01% of the stock is currently owned by institutional investors and hedge funds.
About Exelon Corporation
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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