Exelon (NYSE:EXC) had its target price hoisted by equities researchers at JPMorgan Chase from $40.00 to $41.00 in a research report issued to clients and investors on Tuesday, April 10th. The brokerage presently has an “overweight” rating on the energy giant’s stock. JPMorgan Chase’s target price points to a potential upside of 5.29% from the stock’s current price.
EXC has been the topic of several other research reports. Mizuho upgraded Exelon from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $36.00 to $40.00 in a research note on Tuesday, January 23rd. KeyCorp dropped their price target on Exelon from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, February 9th. Goldman Sachs raised Exelon from a “sell” rating to a “neutral” rating and boosted their price target for the company from $33.30 to $43.00 in a report on Wednesday, March 28th. Finally, SunTrust Banks set a $42.00 price target on Exelon and gave the company a “buy” rating in a report on Monday, February 5th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Exelon presently has a consensus rating of “Buy” and an average target price of $41.72.
EXC opened at $38.94 on Tuesday. Exelon has a 52-week low of $33.30 and a 52-week high of $42.67. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The stock has a market cap of $37,703.70, a price-to-earnings ratio of 15.09, a P/E/G ratio of 2.56 and a beta of 0.16.
Exelon (NYSE:EXC) last released its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. analysts expect that Exelon will post 3.05 EPS for the current year.
In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $37.94, for a total value of $948,500.00. Following the sale, the chief executive officer now owns 19,429 shares of the company’s stock, valued at approximately $737,136.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of EXC. Dimensional Fund Advisors LP raised its position in shares of Exelon by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,694,780 shares of the energy giant’s stock worth $63,838,000 after acquiring an additional 14,665 shares in the last quarter. Stifel Financial Corp grew its stake in Exelon by 3.1% during the 3rd quarter. Stifel Financial Corp now owns 219,966 shares of the energy giant’s stock worth $8,301,000 after buying an additional 6,690 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Exelon during the 3rd quarter worth approximately $204,000. Segall Bryant & Hamill LLC grew its stake in Exelon by 20.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock worth $282,000 after buying an additional 1,273 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Exelon by 3.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,738,601 shares of the energy giant’s stock worth $65,490,000 after buying an additional 54,531 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.
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Exelon Company Profile
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.
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