Exelon (NASDAQ:EXC) Price Target Increased to $42.00 by Analysts at Morgan Stanley

Exelon (NASDAQ:EXC) had its target price boosted by equities researchers at Morgan Stanley from $39.00 to $42.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 11.14% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Barclays boosted their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped 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. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus price target of $39.82.

Exelon Trading Down 0.2 %

NASDAQ:EXC traded down $0.09 on Friday, reaching $37.79. The company’s stock had a trading volume of 1,019,741 shares, compared to its average volume of 6,774,734. Exelon has a 12-month low of $33.35 and a 12-month high of $42.15. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm has a market cap of $37.81 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The stock has a 50 day moving average price of $36.12 and a 200 day moving average price of $36.49.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, equities analysts anticipate that Exelon will post 2.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Exelon

A number of large investors have recently bought and sold shares of the stock. TD Asset Management Inc boosted its holdings in shares of Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after purchasing an additional 23,270 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Exelon by 33.9% during the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after purchasing an additional 277,635 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of Exelon by 8.8% during the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after purchasing an additional 15,389 shares during the last quarter. 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.