SunTrust Banks Reaffirms “Buy” Rating for Exelon (EXC)

Exelon (NYSE:EXC)‘s stock had its “buy” rating reissued by equities researchers at SunTrust Banks in a report issued on Wednesday. They currently have a $44.00 price target on the energy giant’s stock. SunTrust Banks’ price objective would indicate a potential upside of 16.53% from the company’s previous close.

Other analysts also recently issued reports about the company. UBS assumed coverage on Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective for the company. Zacks Investment Research downgraded Exelon from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Mizuho raised Exelon from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $36.00 to $40.00 in a research note on Tuesday, January 23rd. Morgan Stanley lowered their price objective on Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price objective on shares of Exelon in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $41.59.

Shares of Exelon stock opened at $37.76 on Wednesday. The company has a market capitalization of $37,317.68, a PE ratio of 14.52, a P/E/G ratio of 2.53 and a beta of 0.16. Exelon has a 52 week low of $33.30 and a 52 week high of $42.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. equities research analysts predict that Exelon will post 3.05 earnings per share for the current fiscal year.

In related news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total transaction of $948,500.00. Following the completion of the sale, the chief executive officer now directly owns 19,429 shares of the company’s stock, valued at $737,136.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. NuWave Investment Management LLC purchased a new stake in Exelon in the fourth quarter worth $105,000. Delpha Capital Management LLC purchased a new stake in Exelon in the fourth quarter worth $108,000. We Are One Seven LLC purchased a new stake in Exelon in the fourth quarter worth $117,000. Baker Ellis Asset Management LLC purchased a new stake in Exelon in the fourth quarter worth $118,000. Finally, Cerebellum GP LLC purchased a new stake in Exelon in the fourth quarter worth $122,000. 78.09% of the stock is owned by institutional investors.

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About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Analyst Recommendations for Exelon (NYSE:EXC)

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