Research analysts at Mizuho assumed coverage on shares of Exelon (NYSE:EXC) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage set an “underperform” rating and a $36.00 price target on the energy giant’s stock. Mizuho’s price target indicates a potential downside of 11.79% from the stock’s previous close.
Several other equities analysts have also commented on EXC. BidaskClub upgraded Exelon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of Exelon in a research note on Friday, September 1st. Morgan Stanley raised their price target on Exelon from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered Exelon from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $40.53.
Shares of Exelon (EXC) traded down $0.32 during trading on Friday, hitting $40.81. The stock had a trading volume of 4,694,900 shares, compared to its average volume of 4,924,454. The stock has a market capitalization of $39,488.41, a price-to-earnings ratio of 16.58, a P/E/G ratio of 3.58 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. Exelon has a 1 year low of $33.30 and a 1 year high of $42.67.
In other Exelon news, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the sale, the executive vice president now owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the completion of the sale, the chairman now directly owns 267,649 shares of the company’s stock, valued at approximately $11,008,403.37. The disclosure for this sale can be found here. Insiders sold 1,312,788 shares of company stock worth $52,714,749 in the last quarter. 0.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Nova Scotia Trust Co. acquired a new stake in Exelon in the third quarter worth about $102,000. Sandy Spring Bank boosted its holdings in Exelon by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after acquiring an additional 271 shares in the last quarter. Live Your Vision LLC boosted its holdings in Exelon by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after acquiring an additional 26 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Exelon by 1.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares during the period. Finally, Hudock Capital Group LLC lifted its holdings in shares of Exelon by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares during the period. 77.45% of the stock is owned by institutional investors and hedge funds.
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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.
