Exelon (NASDAQ:EXC) Price Target Increased to $43.00 by Analysts at UBS Group

Exelon (NASDAQ:EXC) had its target price hoisted by UBS Group from $40.00 to $43.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also weighed in on EXC. Wells Fargo & Company upped their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an equal weight rating in a research report on Friday, August 2nd. Scotiabank upped their price target on Exelon from $37.00 to $40.00 and gave the stock a sector perform rating in a report on Tuesday, August 20th. Barclays lifted their price objective on Exelon from $39.00 to $41.00 and gave the stock an overweight rating in a report on Monday, July 22nd. Jefferies Financial Group began coverage on Exelon in a report on Thursday. They issued a buy rating and a $46.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Exelon from $39.00 to $42.00 and gave the stock an equal weight rating in a research note on Friday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Exelon has a consensus rating of Hold and a consensus target price of $40.83.

Exelon Stock Up 2.5 %

EXC opened at $40.27 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48. The stock has a market capitalization of $40.29 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.93 and a beta of 0.53. The business has a 50 day simple moving average of $37.83 and a 200-day simple moving average of $37.05.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities analysts anticipate that Exelon will post 2.44 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.77%. Exelon’s payout ratio is currently 65.52%.

Institutional Investors Weigh In On Exelon

A number of institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc grew its stake in shares of Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after buying an additional 23,270 shares during the period. Vanguard Group Inc. increased its stake in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares during the period. Czech National Bank lifted its stake in shares of Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after purchasing an additional 15,389 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in shares of Exelon in the 1st quarter valued at about $1,461,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Company Profile

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.