Exelon (EXC) Receives Outperform Rating from Royal Bank of Canada

Exelon (NYSE:EXC)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday. They presently have a $43.00 price target on the energy giant’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 17.49% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Morgan Stanley increased their target price on shares of Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Mizuho initiated coverage on shares of Exelon in a research note on Friday, December 15th. They set an “underperform” rating and a $36.00 target price on the stock. Bank of America initiated coverage on shares of Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. Finally, SunTrust Banks set a $42.00 target price on shares of Exelon and gave the stock a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.03.

Exelon (NYSE:EXC) traded down $0.06 during trading hours on Wednesday, hitting $36.60. 7,662,806 shares of the stock were exchanged, compared to its average volume of 7,265,811. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10. Exelon has a 12 month low of $33.30 and a 12 month high of $42.67. The company has a market cap of $35,170.00, a price-to-earnings ratio of 9.29, a P/E/G ratio of 2.60 and a beta of 0.23.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. equities analysts expect that Exelon will post 3.06 EPS for the current year.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Andra AP fonden lifted its stake in shares of Exelon by 7.8% in the third quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after buying an additional 11,600 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exelon by 2.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,544 shares of the energy giant’s stock valued at $20,513,000 after purchasing an additional 10,516 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Exelon by 6.7% in the third quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock valued at $48,609,000 after purchasing an additional 80,586 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Exelon by 12.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 254,521 shares of the energy giant’s stock valued at $9,588,000 after purchasing an additional 27,800 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Exelon by 3.9% in the third quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock valued at $4,735,000 after purchasing an additional 4,680 shares during the last quarter. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

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About Exelon

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.

Analyst Recommendations for Exelon (NYSE:EXC)

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