Brokerages Set Exelon Co. (NASDAQ:EXC) PT at $43.13

Exelon Co. (NASDAQ:EXC) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $43.13.

Several analysts recently weighed in on the company. Scotiabank lifted their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares during the last quarter. State Street Corp grew its holdings in shares of Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Nordea Investment Management AB grew its holdings in shares of Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after purchasing an additional 2,018,604 shares during the period. FMR LLC grew its holdings in shares of Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Exelon by 212.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock worth $71,647,000 after purchasing an additional 1,293,753 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 1.4 %

NASDAQ:EXC opened at $40.57 on Thursday. Exelon has a twelve month low of $33.35 and a twelve month high of $41.19. The company has a market cap of $40.77 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. The stock has a fifty day simple moving average of $38.22 and a 200-day simple moving average of $38.57. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

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.