BMO Capital Markets Raises Exelon (NASDAQ:EXC) Price Target to $55.00

Exelon (NASDAQ:EXC) had its target price upped by equities research analysts at BMO Capital Markets from $50.00 to $55.00 in a research note issued to investors on Monday, The Fly reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 9.17% from the stock’s current price.

Other analysts also recently issued reports about the company. Morgan Stanley upped their price objective on Exelon from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, August 19th. Zacks Investment Research raised Exelon from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research note on Monday, September 6th. Mizuho raised Exelon from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $40.00 to $47.50 in a research note on Thursday, August 12th. Finally, TheStreet raised Exelon from a “c+” rating to a “b” rating in a research note on Monday, August 30th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $51.44.

Shares of NASDAQ EXC opened at $50.38 on Monday. The stock has a market cap of $49.26 billion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 5.93 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.03. Exelon has a 52-week low of $33.97 and a 52-week high of $50.99. The business has a 50-day moving average price of $47.78 and a 200 day moving average price of $45.56.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, August 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.19. The firm had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Exelon had a return on equity of 7.42% and a net margin of 2.80%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Sell-side analysts anticipate that Exelon will post 2.81 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. Dimensional Fund Advisors LP increased its stake in Exelon by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,990,244 shares of the company’s stock valued at $84,024,000 after purchasing an additional 20,285 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Exelon by 2.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 166,586 shares of the company’s stock valued at $7,286,000 after purchasing an additional 4,492 shares in the last quarter. Natixis Advisors L.P. increased its stake in Exelon by 2.1% in the 1st quarter. Natixis Advisors L.P. now owns 438,285 shares of the company’s stock valued at $19,170,000 after purchasing an additional 9,055 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in Exelon during the 1st quarter valued at $190,000. Finally, Ausdal Financial Partners Inc. grew its holdings in Exelon by 22.7% during the 1st quarter. Ausdal Financial Partners Inc. now owns 7,126 shares of the company’s stock valued at $312,000 after buying an additional 1,316 shares during the last quarter. 80.06% of the stock is owned by hedge funds and other institutional investors.

Exelon Company Profile

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

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