Exelon (NYSE:EXC) had its price target reduced by UBS Group from $51.00 to $48.00 in a report issued on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the energy giant’s stock.
EXC has been the subject of a number of other reports. Vertical Research upgraded shares of Exelon from a hold rating to a buy rating in a research report on Monday, May 11th. Seaport Global Securities assumed coverage on shares of Exelon in a research note on Wednesday, May 20th. They issued a buy rating and a $40.00 price objective on the stock. Wells Fargo & Co decreased their price objective on shares of Exelon from $59.00 to $49.00 and set an overweight rating on the stock in a research note on Monday, May 11th. BMO Capital Markets decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an outperform rating on the stock in a research note on Monday, May 11th. Finally, Zacks Investment Research cut shares of Exelon from a buy rating to a hold rating and set a $38.00 price objective on the stock. in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $46.64.
NYSE EXC opened at $37.25 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. Exelon has a 1-year low of $29.28 and a 1-year high of $50.54. The company has a 50 day moving average of $37.70 and a 200-day moving average of $41.51. The company has a market cap of $36.03 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 4.50 and a beta of 0.26.
Exelon (NYSE:EXC) last released its quarterly earnings results on Friday, May 8th. The energy giant reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities research analysts forecast that Exelon will post 3.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.3825 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 4.11%. Exelon’s payout ratio is presently 49.04%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Exelon by 35.0% during the first quarter. Wellington Management Group LLP now owns 66,898,005 shares of the energy giant’s stock worth $2,462,516,000 after buying an additional 17,354,482 shares during the last quarter. State Street Corp grew its stake in shares of Exelon by 2.7% in the first quarter. State Street Corp now owns 61,667,122 shares of the energy giant’s stock worth $2,269,967,000 after purchasing an additional 1,606,032 shares during the last quarter. Capital International Investors grew its stake in shares of Exelon by 11.7% in the first quarter. Capital International Investors now owns 28,616,439 shares of the energy giant’s stock worth $1,053,371,000 after purchasing an additional 2,986,475 shares during the last quarter. Invesco Ltd. grew its stake in shares of Exelon by 28.6% in the first quarter. Invesco Ltd. now owns 27,350,884 shares of the energy giant’s stock worth $1,006,786,000 after purchasing an additional 6,084,882 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Exelon by 4.6% in the first quarter. Geode Capital Management LLC now owns 15,585,513 shares of the energy giant’s stock worth $572,617,000 after purchasing an additional 685,896 shares during the last quarter. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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