Exelon (NASDAQ:EXC) PT Raised to $44.00 at Barclays

Exelon (NASDAQ:EXC) had its target price boosted by Barclays from $41.00 to $44.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the stock. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their target price on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.33.

Exelon Price Performance

NASDAQ:EXC opened at $40.95 on Tuesday. Exelon has a 52-week low of $33.35 and a 52-week high of $41.48. The stock has a fifty day moving average of $39.17 and a 200 day moving average of $37.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.89 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter last year, the company posted $0.41 EPS. On average, research analysts expect that Exelon will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.71%. Exelon’s payout ratio is presently 62.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Register Financial Advisors LLC purchased a new position in shares of Exelon during the first quarter valued at approximately $26,000. Crewe Advisors LLC bought a new stake in Exelon in the first quarter valued at $26,000. Versant Capital Management Inc increased its position in Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the period. J.Safra Asset Management Corp bought a new position in Exelon in the 2nd quarter worth $28,000. Finally, American National Bank & Trust raised its holdings in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.