Exelon (NASDAQ:EXC) Price Target Cut to $49.00

Exelon (NASDAQ:EXCGet Rating) had its target price dropped by stock analysts at Wells Fargo & Company from $52.00 to $49.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.45% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays lowered their price objective on Exelon from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Morgan Stanley lowered their price objective on Exelon from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, May 23rd. JPMorgan Chase & Co. raised Exelon from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $55.00 in a research report on Wednesday, April 20th. KeyCorp lowered their price objective on Exelon from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Finally, Argus lifted their target price on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.15.

Exelon Stock Performance

Exelon stock opened at $44.77 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.91. The stock has a fifty day moving average of $44.83 and a two-hundred day moving average of $46.14. The company has a market capitalization of $43.88 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.79 and a beta of 0.57. Exelon has a fifty-two week low of $33.64 and a fifty-two week high of $50.71.

Exelon (NASDAQ:EXCGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Exelon had a net margin of 9.45% and a return on equity of 10.38%. During the same period in the previous year, the company posted $0.89 earnings per share. On average, analysts anticipate that Exelon will post 2.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exelon news, CEO John Tyler Anthony sold 4,451 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the transaction, the chief executive officer now owns 974 shares in the company, valued at $46,255.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of Exelon by 5.2% in the fourth quarter. Quadrant Capital Group LLC now owns 3,547 shares of the company’s stock worth $205,000 after acquiring an additional 175 shares in the last quarter. JJJ Advisors Inc. lifted its stake in shares of Exelon by 30.2% in the first quarter. JJJ Advisors Inc. now owns 939 shares of the company’s stock worth $45,000 after acquiring an additional 218 shares in the last quarter. SVB Wealth LLC lifted its stake in shares of Exelon by 2.9% in the first quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Optimum Investment Advisors lifted its stake in shares of Exelon by 30.9% in the first quarter. Optimum Investment Advisors now owns 945 shares of the company’s stock worth $45,000 after acquiring an additional 223 shares in the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Exelon by 6.1% in the first quarter. Quent Capital LLC now owns 4,032 shares of the company’s stock worth $192,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.

About Exelon

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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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