Exelon (NASDAQ:EXC) Upgraded at StockNews.com

StockNews.com upgraded shares of Exelon (NASDAQ:EXC) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

Several other equities analysts have also recently issued reports on the company. Barclays decreased their price target on Exelon from $43.00 to $41.00 and set an overweight rating on the stock in a report on Tuesday, October 24th. Royal Bank of Canada decreased their price target on Exelon from $47.00 to $45.00 and set a sector perform rating on the stock in a report on Wednesday, September 6th. Guggenheim decreased their price target on Exelon from $45.00 to $41.00 in a report on Monday, October 9th. Finally, Morgan Stanley decreased their price target on Exelon from $45.00 to $42.00 and set an overweight rating on the stock in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $43.40.

Exelon Price Performance

Shares of EXC stock opened at $39.08 on Friday. The stock’s fifty day moving average is $39.45 and its 200-day moving average is $40.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market capitalization of $38.90 billion, a PE ratio of 18.26, a PEG ratio of 2.66 and a beta of 0.57. Exelon has a 52 week low of $35.71 and a 52 week high of $44.37.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon’s dividend payout ratio is currently 67.29%.

Institutional Investors Weigh In On Exelon

A number of hedge funds and other institutional investors have recently bought and sold shares of EXC. WealthPlan Investment Management LLC acquired a new stake in Exelon in the 1st quarter valued at approximately $25,000. BDO Wealth Advisors LLC raised its position in Exelon by 189.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 651 shares of the company’s stock valued at $27,000 after buying an additional 426 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Exelon by 53.4% in the second quarter. Capital Advisors Ltd. LLC now owns 704 shares of the company’s stock valued at $29,000 after purchasing an additional 245 shares in the last quarter. Antonetti Capital Management LLC grew its stake in Exelon by 98.8% in the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

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.