Exelon (EXC) Given New $53.00 Price Target at Morgan Stanley

Exelon (NYSE:EXC) had its price target raised by analysts at Morgan Stanley from $52.00 to $53.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the energy giant’s stock. Morgan Stanley’s price objective points to a potential upside of 7.97% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $57.00 in a research report on Tuesday, April 2nd. SunTrust Banks reissued a “hold” rating and issued a $49.00 price objective on shares of Exelon in a research report on Tuesday, February 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 price target on shares of Exelon in a research report on Wednesday, January 23rd. Scotiabank reaffirmed a “buy” rating and set a $50.00 price target on shares of Exelon in a research report on Wednesday, February 13th. Finally, Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $47.00 in a research report on Tuesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $48.97.

Shares of NYSE:EXC traded up $0.12 during trading on Thursday, reaching $49.09. The stock had a trading volume of 1,089,609 shares, compared to its average volume of 5,357,454. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. The firm has a market cap of $48.37 billion, a PE ratio of 15.73, a P/E/G ratio of 4.21 and a beta of 0.37. Exelon has a fifty-two week low of $39.10 and a fifty-two week high of $51.03.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. As a group, sell-side analysts expect that Exelon will post 3.14 earnings per share for the current fiscal year.

In other news, EVP Joseph Nigro sold 53,800 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total value of $2,667,942.00. Following the completion of the sale, the executive vice president now owns 99,574 shares of the company’s stock, valued at $4,937,874.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $48.36, for a total transaction of $846,300.00. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EXC. Oregon Public Employees Retirement Fund increased its position in shares of Exelon by 4,439.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,185,910 shares of the energy giant’s stock worth $514,000 after acquiring an additional 22,675,097 shares in the last quarter. Norges Bank acquired a new stake in shares of Exelon in the fourth quarter worth $319,596,000. AQR Capital Management LLC increased its position in shares of Exelon by 37.0% in the first quarter. AQR Capital Management LLC now owns 24,339,629 shares of the energy giant’s stock worth $1,216,738,000 after acquiring an additional 6,567,683 shares in the last quarter. BlackRock Inc. increased its position in shares of Exelon by 4.6% in the fourth quarter. BlackRock Inc. now owns 75,231,069 shares of the energy giant’s stock worth $3,392,922,000 after acquiring an additional 3,305,035 shares in the last quarter. Finally, Swedbank acquired a new stake in shares of Exelon in the fourth quarter worth $115,816,000. 80.23% of the stock is owned by institutional investors.

Exelon Company Profile

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

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