Exelon Co. (NASDAQ:EXC) Receives Average Rating of “Hold” from Brokerages

Exelon Co. (NASDAQ:EXC) has received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $39.09.

A number of analysts recently weighed in on the company. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Scotiabank decreased their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Barclays lifted their price target on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Morgan Stanley lifted their price target on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, BMO Capital Markets lifted their price target on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd.

Exelon Trading Down 0.8 %

NASDAQ:EXC opened at $34.89 on Wednesday. The firm has a market cap of $34.89 billion, a P/E ratio of 15.04, a PEG ratio of 2.59 and a beta of 0.52. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The stock’s 50 day simple moving average is $37.12 and its 200-day simple moving average is $36.50. Exelon has a 12-month low of $33.35 and a 12-month high of $43.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. Equities analysts anticipate that Exelon will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were given a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.36%. Exelon’s dividend payout ratio is currently 65.52%.

Institutional Trading of Exelon

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Asset Management Inc lifted its position in shares of Exelon by 2.3% in the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after acquiring an additional 23,270 shares in the last quarter. Pacer Advisors Inc. increased its stake in Exelon by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after purchasing an additional 88,614 shares during the last quarter. National Bank of Canada FI increased its stake in Exelon by 33.9% in the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after purchasing an additional 277,635 shares during the last quarter. Duality Advisers LP increased its stake in Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Exelon by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after purchasing an additional 200,476 shares during the last quarter. 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.