ValuEngine Lowers Exelon (EXC) to Hold

Exelon (NYSE:EXC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

Other research analysts have also recently issued research reports about the company. SunTrust Banks set a $42.00 price objective on Exelon and gave the stock a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, February 2nd. UBS initiated coverage on Exelon in a research report on Friday, February 2nd. They set a “buy” rating and a $44.00 price objective on the stock. Credit Suisse Group upgraded Exelon to a “buy” rating and set a $42.00 price objective on the stock in a research report on Saturday, April 14th. Finally, Bank of America increased their price objective on Exelon from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.43.

EXC traded down $0.44 during trading hours on Thursday, reaching $39.35. The company’s stock had a trading volume of 6,401,714 shares, compared to its average volume of 6,589,076. Exelon has a 52 week low of $39.62 and a 52 week high of $40.27. The company has a current ratio of 1.14, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a market cap of $38.82 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.59 and a beta of 0.14.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Exelon had a return on equity of 9.17% and a net margin of 10.06%. The business had revenue of $9.69 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts forecast that Exelon will post 3.07 earnings per share for the current year.

In other news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total transaction of $948,500.00. Following the sale, the chief executive officer now directly owns 19,429 shares of the company’s stock, valued at approximately $737,136.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXC. Atria Investments LLC grew its holdings in shares of Exelon by 51.3% during the 4th quarter. Atria Investments LLC now owns 10,316 shares of the energy giant’s stock worth $407,000 after purchasing an additional 3,499 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Exelon by 39.2% during the 4th quarter. Wasatch Advisors Inc. now owns 290,340 shares of the energy giant’s stock worth $11,442,000 after purchasing an additional 81,749 shares in the last quarter. National Pension Service grew its holdings in shares of Exelon by 1.8% during the 4th quarter. National Pension Service now owns 827,065 shares of the energy giant’s stock worth $32,595,000 after purchasing an additional 14,291 shares in the last quarter. Creative Planning boosted its stake in Exelon by 12.5% in the fourth quarter. Creative Planning now owns 86,254 shares of the energy giant’s stock valued at $3,399,000 after buying an additional 9,610 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in Exelon in the fourth quarter valued at about $460,000. 78.67% of the stock is currently owned by institutional investors.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply