Morgan Stanley Lowers Exelon (NASDAQ:EXC) Price Target to $44.00

Exelon (NASDAQ:EXC) had its price objective trimmed by Morgan Stanley from $46.00 to $44.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts have also recently weighed in on EXC. Wells Fargo & Company upped their price target 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. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays boosted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average target price of $41.25.

Exelon Stock Down 1.5 %

Shares of NASDAQ:EXC opened at $38.71 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $39.64 and its 200 day moving average is $37.83. The stock has a market cap of $38.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.54. Exelon has a 52-week low of $33.35 and a 52-week high of $41.42.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts predict that Exelon will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is currently 62.55%.

Institutional Investors Weigh In On Exelon

Several institutional investors and hedge funds have recently made changes to their positions in EXC. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Exelon by 3.1% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company’s stock worth $3,451,000 after purchasing an additional 2,600 shares during the period. TD Private Client Wealth LLC raised its position in Exelon by 31.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,657 shares of the company’s stock worth $797,000 after buying an additional 4,717 shares during the last quarter. Toronto Dominion Bank lifted its stake in Exelon by 19.1% during the 3rd quarter. Toronto Dominion Bank now owns 607,190 shares of the company’s stock valued at $24,622,000 after acquiring an additional 97,468 shares during the period. Empire Financial Management Company LLC boosted its holdings in shares of Exelon by 0.7% in the 3rd quarter. Empire Financial Management Company LLC now owns 57,711 shares of the company’s stock valued at $2,340,000 after acquiring an additional 400 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in shares of Exelon by 44.9% in the third quarter. Coldstream Capital Management Inc. now owns 15,802 shares of the company’s stock worth $633,000 after acquiring an additional 4,895 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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.