Exelon (NASDAQ:EXC) Downgraded by Mizuho to “Neutral”

Exelon (NASDAQ:EXC) was downgraded by Mizuho from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Briefing.com reports. They presently have a $40.00 price target on the stock, down from their previous price target of $45.00. Mizuho’s price objective would indicate a potential upside of 2.35% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Guggenheim cut their price objective on shares of Exelon from $45.00 to $41.00 in a research report on Monday, October 9th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Friday. Barclays dropped their target price on Exelon from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 24th. Morgan Stanley decreased their price target on Exelon from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada dropped their price target on Exelon from $47.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $42.90.

Exelon Stock Performance

EXC stock opened at $39.08 on Tuesday. The business has a 50-day moving average price of $39.45 and a 200 day moving average price of $40.22. Exelon has a 1-year low of $35.71 and a 1-year high of $44.37. The company has a market capitalization of $38.90 billion, a P/E ratio of 18.26, a PEG ratio of 2.66 and a beta of 0.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.85 and a quick ratio of 0.77.

Institutional Trading of Exelon

A number of hedge funds and other institutional investors have recently made changes to their positions in EXC. WealthPlan Investment Management LLC purchased a new position in shares of Exelon during the 1st quarter valued at about $25,000. BDO Wealth Advisors LLC raised its position in Exelon by 189.3% during the second quarter. BDO Wealth Advisors LLC now owns 651 shares of the company’s stock valued at $27,000 after acquiring an additional 426 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Exelon by 53.4% in the second quarter. Capital Advisors Ltd. LLC now owns 704 shares of the company’s stock valued at $29,000 after acquiring an additional 245 shares during the period. Antonetti Capital Management LLC lifted its holdings in Exelon by 98.8% in the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Finally, Addison Advisors LLC boosted its position in Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

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.