Exelon (NASDAQ:EXC) PT Lowered to $37.00

Exelon (NASDAQ:EXC) had its price target cut by Scotiabank from $39.00 to $37.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a sector perform rating on the stock.

EXC has been the topic of a number of other research reports. UBS Group lowered Exelon from a buy rating to a neutral rating and cut their price objective for the stock from $47.00 to $37.00 in a research report on Tuesday, January 2nd. TheStreet lowered Exelon from a b- rating to a c+ rating in a research report on Wednesday, February 7th. StockNews.com raised Exelon from a sell rating to a hold rating in a research report on Monday, March 25th. Mizuho raised Exelon from a neutral rating to a buy rating and increased their target price for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. Finally, Bank of America dropped their target price on Exelon from $38.00 to $36.00 and set a neutral rating on the stock in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Exelon has an average rating of Hold and a consensus target price of $38.92.

Exelon Stock Down 0.3 %

Shares of NASDAQ EXC opened at $37.66 on Monday. The firm has a market cap of $37.64 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.75 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon has a 52-week low of $33.35 and a 52-week high of $43.54. The business’s 50 day moving average is $36.69 and its two-hundred day moving average is $37.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. Research analysts predict that Exelon will post 2.41 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is currently 65.24%.

Hedge Funds Weigh In On Exelon

Large investors have recently bought and sold shares of the stock. Heritage Wealth Advisors boosted its stake in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after acquiring an additional 495 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Exelon during the first quarter worth about $26,000. Antonetti Capital Management LLC boosted its stake in shares of Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Addison Advisors LLC boosted its stake in shares of Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after buying an additional 276 shares during the period. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Exelon during the third quarter worth about $31,000. Institutional investors and hedge funds own 80.92% 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.