Exelon Co. (NASDAQ:EXC) Receives $44.63 Average Target Price from Brokerages

Exelon Co. (NASDAQ:EXC) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $45.13.

Several research analysts have weighed in on EXC shares. Morgan Stanley upped their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. 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. UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EXC. Norges Bank acquired a new stake in shares of Exelon in the fourth quarter worth $479,597,000. Price T Rowe Associates Inc. MD boosted its holdings in Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. FMR LLC grew its position in Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after purchasing an additional 5,524,103 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after buying an additional 3,068,309 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Price Performance

Shares of EXC opened at $42.76 on Friday. The business’s 50-day moving average is $42.19 and its 200-day moving average is $40.03. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market capitalization of $43.17 billion, a price-to-earnings ratio of 17.45, 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.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $0.60 earnings per share. Equities research analysts expect that Exelon will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio is currently 65.31%.

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.