Exelon (NYSE:EXC) Given New $55.00 Price Target at Morgan Stanley

Exelon (NYSE:EXC) had its price objective increased by stock analysts at Morgan Stanley from $53.00 to $55.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the energy giant’s stock. Morgan Stanley’s target price points to a potential upside of 9.63% from the stock’s current price.

Several other analysts also recently commented on EXC. KeyCorp began coverage on shares of Exelon in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and lifted their price target for the company from $43.00 to $47.00 in a research report on Tuesday, April 9th. Mizuho lifted their price target on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $57.00 in a research report on Tuesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $49.41.

EXC stock opened at $50.17 on Friday. The stock has a market capitalization of $48.98 billion, a PE ratio of 16.08, a P/E/G ratio of 4.23 and a beta of 0.39. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. Exelon has a 12 month low of $40.40 and a 12 month high of $51.18.

Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The firm had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business earned $0.96 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Exelon will post 3.15 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. USS Investment Management Ltd raised its stake in Exelon by 247.6% during the 1st quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock valued at $44,020,000 after purchasing an additional 625,681 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Exelon by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,156,262 shares of the energy giant’s stock valued at $208,353,000 after purchasing an additional 70,124 shares in the last quarter. Occidental Asset Management LLC raised its position in Exelon by 6.6% during the 4th quarter. Occidental Asset Management LLC now owns 12,381 shares of the energy giant’s stock valued at $558,000 after purchasing an additional 766 shares in the last quarter. Bank of Edwardsville bought a new stake in Exelon during the 1st quarter valued at $1,166,000. Finally, MUFG Securities EMEA plc raised its position in shares of Exelon by 68.4% in the 4th quarter. MUFG Securities EMEA plc now owns 281,302 shares of the energy giant’s stock worth $12,687,000 after acquiring an additional 114,217 shares in the last quarter. Institutional investors own 79.78% of the company’s stock.

About Exelon

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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