Exelon Co. (NASDAQ:EXC) Given Consensus Rating of “Hold” by Brokerages

Exelon Co. (NASDAQ:EXC) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $41.60.

EXC has been the topic of several recent research reports. Scotiabank upped their price objective on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. 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. Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Barclays lifted 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. American National Bank & Trust boosted its position in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon in the third quarter valued at approximately $32,000. J.Safra Asset Management Corp bought a new position in Exelon in the second quarter worth approximately $28,000. Abound Wealth Management increased its holdings in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Exelon during the 2nd quarter valued at $41,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Up 0.8 %

Shares of EXC opened at $36.52 on Wednesday. The firm has a market cap of $36.70 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a 50 day simple moving average of $38.89 and a two-hundred day simple moving average of $37.86.

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

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s payout ratio is currently 62.55%.

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.