UBS Group Increases Exelon (NASDAQ:EXC) Price Target to $43.00

Exelon (NASDAQ:EXC) had its price objective upped by UBS Group from $40.00 to $43.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Jefferies Financial Group began coverage on Exelon in a report on Thursday. They issued a buy rating and a $46.00 price target for the company. Barclays boosted their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an overweight rating in a research report on Monday, July 22nd. Morgan Stanley increased their price target on shares of Exelon from $39.00 to $42.00 and gave the company an equal weight rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. Finally, Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the company a sector perform rating in a report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $40.83.

Exelon Stock Performance

Shares of EXC opened at $40.27 on Friday. Exelon has a 1 year low of $33.35 and a 1 year high of $41.48. The stock has a market capitalization of $40.29 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The company’s fifty day moving average is $37.83 and its two-hundred day moving average is $37.06.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts predict that Exelon will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s payout ratio is 65.52%.

Hedge Funds Weigh In On Exelon

A number of institutional investors have recently made changes to their positions in the stock. Heritage Wealth Advisors lifted its stake in shares of Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares during the period. Register Financial Advisors LLC purchased a new position in shares of Exelon during the 1st quarter worth $26,000. Crewe Advisors LLC acquired a new stake in shares of Exelon during the first quarter worth $26,000. Versant Capital Management Inc grew its position in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the period. Finally, J.Safra Asset Management Corp acquired a new position in Exelon in the second quarter valued at $28,000. 80.92% of the stock is 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.