Exelon (NASDAQ:EXC) Rating Increased to Buy at Guggenheim

Guggenheim upgraded shares of Exelon (NASDAQ:EXC) from a neutral rating to a buy rating in a research report report published on Thursday, Marketbeat reports.

A number of other research analysts have also recently commented on the company. Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays lowered their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Scotiabank boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $43.13.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $39.38 on Thursday. The stock has a market cap of $39.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. Exelon has a 1 year low of $33.35 and a 1 year high of $41.19. The firm has a fifty day moving average price of $38.12 and a 200-day moving average price of $38.36. 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 issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the business posted $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Exelon will post 2.46 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.86%. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Institutional Trading of Exelon

A number of large investors have recently made changes to their positions in the business. abrdn plc grew its position in Exelon by 0.6% in the fourth quarter. abrdn plc now owns 521,829 shares of the company’s stock worth $19,535,000 after acquiring an additional 3,161 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Exelon by 9.0% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 6,037 shares of the company’s stock valued at $227,000 after purchasing an additional 500 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Exelon by 21.5% in the 4th quarter. Resonant Capital Advisors LLC now owns 6,953 shares of the company’s stock worth $262,000 after purchasing an additional 1,229 shares during the period. Burford Brothers Inc. bought a new position in shares of Exelon during the 4th quarter valued at approximately $1,063,000. Finally, CENTRAL TRUST Co raised its holdings in Exelon by 6.1% during the 4th quarter. CENTRAL TRUST Co now owns 10,401 shares of the company’s stock valued at $391,000 after buying an additional 600 shares during the period. 80.92% of the stock is currently 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.