Exelon (NASDAQ:EXC) Upgraded to “Outperform” at Evercore ISI

Exelon (NASDAQ:EXC) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm currently has a $44.00 price objective on the stock, up from their prior price objective of $43.00. Evercore ISI’s price target would indicate a potential upside of 11.62% from the stock’s previous close.

A number of other research analysts have also commented on the company. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley reduced their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank increased their target price on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.38.

Exelon Stock Performance

NASDAQ:EXC opened at $39.42 on Tuesday. The company has a market capitalization of $39.61 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.62 and a beta of 0.55. The business has a 50 day moving average of $38.03 and a 200 day moving average of $38.27. Exelon has a 1-year low of $33.35 and a 1-year high of $41.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Exelon will post 2.46 earnings per share for the current fiscal year.

Institutional Trading of Exelon

Several institutional investors have recently bought and sold shares of the company. American National Bank & Trust increased its holdings in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon during the third quarter valued at $32,000. Versant Capital Management Inc increased its holdings in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after buying an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Exelon in the 2nd quarter worth about $57,000. Finally, UMB Bank n.a. lifted its stake in Exelon by 92.7% during the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after acquiring an additional 735 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

About Exelon

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.