Exelon (NASDAQ:EXC) PT Raised to $45.00 at Morgan Stanley

Exelon (NASDAQ:EXC) had its price target boosted by investment analysts at Morgan Stanley from $42.00 to $45.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 12.70% from the stock’s previous close.

Several other analysts have also recently commented on EXC. Wells Fargo & Company raised their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays raised their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Finally, UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.08.

Exelon Trading Down 0.2 %

NASDAQ:EXC opened at $39.93 on Wednesday. The stock’s 50 day moving average price is $38.09 and its 200 day moving average price is $37.13. The company has a market capitalization of $39.95 billion, a PE ratio of 17.24, a P/E/G ratio of 2.92 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon has a 52-week low of $33.35 and a 52-week high of $41.48.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the firm earned $0.41 EPS. On average, research analysts anticipate that Exelon will post 2.45 EPS for the current year.

Institutional Trading of Exelon

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 buying an additional 14,749,899 shares during the period. Wellington Management Group LLP boosted its stake 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 acquiring an additional 2,352,547 shares in the last quarter. Lazard Asset Management LLC boosted its stake 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 acquiring an additional 16,686,526 shares in the last quarter. Putnam Investments LLC boosted its stake in shares of Exelon by 2.9% during the 4th quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock worth $348,639,000 after acquiring an additional 274,967 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Exelon by 2.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after acquiring an additional 113,428 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

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.