Exelon (NASDAQ:EXC) PT Raised to $42.00 at Wells Fargo & Company

Exelon (NASDAQ:EXC) had its target price lifted by Wells Fargo & Company from $40.00 to $42.00 in a research note released on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

EXC has been the subject of a number of other research reports. Scotiabank reduced their price objective on Exelon from $39.00 to $37.00 and set a sector perform rating for the company in a report on Monday, April 22nd. Morgan Stanley decreased their target price on shares of Exelon from $41.00 to $39.00 and set an equal weight rating on the stock in a research report on Monday, June 24th. Barclays lifted their price target on shares of Exelon from $39.00 to $41.00 and gave the company an overweight rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets increased their price target on Exelon from $40.00 to $42.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $39.27.

Exelon Stock Performance

NASDAQ EXC traded up $0.27 during trading on Friday, reaching $37.79. 2,455,717 shares of the company’s stock were exchanged, compared to its average volume of 6,840,106. The business has a 50 day moving average price of $35.85 and a 200-day moving average price of $36.26. The stock has a market capitalization of $37.79 billion, a P/E ratio of 16.24, a PEG ratio of 2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $42.15.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) 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 quarter in the previous year, the company posted $0.41 earnings per share. Sell-side analysts forecast that Exelon will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.02%. The ex-dividend date is Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Hedge Funds Weigh In On Exelon

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC lifted its stake in shares of Exelon by 3.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after acquiring an additional 304 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Exelon by 2.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock valued at $553,000 after purchasing an additional 310 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Exelon by 8.9% during the second quarter. First Horizon Advisors Inc. now owns 4,096 shares of the company’s stock valued at $142,000 after purchasing an additional 334 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Exelon by 5.3% during the second quarter. Essex Financial Services Inc. now owns 7,155 shares of the company’s stock valued at $248,000 after purchasing an additional 358 shares in the last quarter. Finally, Clarius Group LLC grew its holdings in shares of Exelon by 6.6% during the second quarter. Clarius Group LLC now owns 5,871 shares of the company’s stock worth $203,000 after purchasing an additional 364 shares during the last quarter. Institutional investors 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.