Exelon (NASDAQ:EXC) Price Target Raised to $48.00 at Barclays

Exelon (NASDAQ:EXC) had its price objective increased by Barclays from $42.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.94% from the company’s current price.

A number of other brokerages have also weighed in on EXC. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.13.

Exelon Trading Up 0.0 %

EXC opened at $44.06 on Tuesday. The firm has a market capitalization of $44.29 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.86 and a beta of 0.56. Exelon has a one year low of $34.01 and a one year high of $44.26. The business has a 50 day simple moving average of $39.86 and a two-hundred day simple moving average of $39.23. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Analysts predict that Exelon will post 2.64 EPS for the current year.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Exelon

Several institutional investors and hedge funds have recently made changes to their positions in the company. Czech National Bank boosted its stake in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after purchasing an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC boosted its position in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after buying an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after buying an additional 123,466 shares in the last quarter. Finally, State Street Corp increased its holdings in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 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.