Exelon Corporation (EXC) Given Average Rating of “Buy” by Brokerages
Shares of Exelon Corporation (NYSE:EXC) have been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.18.
A number of research firms recently issued reports on EXC. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Exelon Corporation in a report on Tuesday, May 30th. Finally, UBS AG raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $37.50 in a report on Monday, May 15th.
In other news, CFO Jonathan W. Thayer sold 202,950 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at $9,012,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the completion of the transaction, the chairman now directly owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The disclosure for this sale can be found here. Insiders have sold 927,844 shares of company stock valued at $34,570,885 in the last ninety days. 0.70% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of EXC. Intl Fcstone Inc. bought a new position in Exelon Corporation in the 2nd quarter valued at approximately $572,000. Griffin Asset Management Inc. acquired a new stake in Exelon Corporation during the 2nd quarter valued at approximately $837,000. Sentry Investment Management LLC increased its position in Exelon Corporation by 37.9% during the 2nd quarter. Sentry Investment Management LLC now owns 74,798 shares of the energy giant’s stock valued at $2,698,000 after purchasing an additional 20,549 shares during the period. Toronto Dominion Bank increased its position in Exelon Corporation by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock valued at $52,426,000 after purchasing an additional 283,664 shares during the period. Finally, Advisory Services Network LLC increased its position in Exelon Corporation by 24.3% during the 2nd quarter. Advisory Services Network LLC now owns 4,647 shares of the energy giant’s stock valued at $168,000 after purchasing an additional 908 shares during the period. 76.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (EXC) traded up 0.37% during mid-day trading on Friday, hitting $38.17. 4,466,711 shares of the stock traded hands. The stock has a 50-day moving average of $37.96 and a 200-day moving average of $36.38. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company has a market cap of $36.65 billion, a price-to-earnings ratio of 20.19 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Analysts anticipate that Exelon Corporation will post $2.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were paid a $0.3275 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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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