UBS Group Raises Exelon (NASDAQ:EXC) Price Target to $47.00

Exelon (NASDAQ:EXC) had its price target boosted by UBS Group from $45.00 to $47.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms also recently commented on EXC. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Morgan Stanley upped their target price on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Exelon has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Exelon Stock Down 1.8 %

Shares of Exelon stock opened at $43.80 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market cap of $44.03 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. The business has a 50-day moving average price of $41.97 and a 200 day moving average price of $39.97.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period in the previous year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Exelon will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.40 per share. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio is currently 65.31%.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Exelon

Hedge funds have recently bought and sold shares of the business. OneDigital Investment Advisors LLC increased its position in Exelon by 10.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after purchasing an additional 638 shares in the last quarter. Empowered Funds LLC lifted its holdings in Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock valued at $689,000 after buying an additional 1,367 shares during the period. Prospera Financial Services Inc boosted its position in shares of Exelon by 16.9% during the 3rd quarter. Prospera Financial Services Inc now owns 11,511 shares of the company’s stock valued at $467,000 after purchasing an additional 1,661 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Exelon by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 315,954 shares of the company’s stock worth $12,812,000 after acquiring an additional 977 shares in the last quarter. Finally, Commerce Bank grew its stake in shares of Exelon by 1.4% in the 3rd quarter. Commerce Bank now owns 49,290 shares of the company’s stock valued at $1,999,000 after buying an additional 674 shares during the period. 80.92% of the stock is owned by institutional investors.

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.