Analysts Set Exelon Co. (NASDAQ:EXC) Target Price at $39.09

Exelon Co. (NASDAQ:EXCGet Free Report) has received an average recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.09.

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. BMO Capital Markets lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Morgan Stanley lifted their price objective on Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Scotiabank lowered their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd.

Check Out Our Latest Stock Analysis on Exelon

Hedge Funds Weigh In On Exelon

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its position in shares of Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares in the last quarter. Norges Bank bought a new position in shares of Exelon during the 4th quarter worth approximately $382,015,000. Swedbank AB bought a new position in shares of Exelon during the 1st quarter worth approximately $96,859,000. Finally, Wellington Management Group LLP lifted its position in shares of Exelon by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after buying an additional 2,352,547 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 0.5 %

Shares of NASDAQ:EXC opened at $34.78 on Wednesday. The firm has a market cap of $34.78 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.55 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. Exelon has a 12-month low of $33.35 and a 12-month high of $43.53. The business has a fifty day simple moving average of $37.00 and a 200 day simple moving average of $36.44.

Exelon (NASDAQ:EXCGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. Analysts predict that Exelon will post 2.42 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.37%. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

About Exelon

(Get Free Report

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.

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Analyst Recommendations for Exelon (NASDAQ:EXC)

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