Exelon Corporation (NYSE:EXC) had its price target upped by Morgan Stanley from $37.00 to $40.00 in a research note issued to investors on Friday, September 8th. The brokerage currently has an “equal weight” rating on the energy giant’s stock. Morgan Stanley’s target price would indicate a potential upside of 6.95% from the company’s current price.
EXC has been the topic of several other reports. UBS AG upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $37.50 in a report on Monday, May 15th. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group reiterated a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a report on Tuesday, May 30th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. Finally, ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.17.
Exelon Corporation (EXC) opened at 37.40 on Friday. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The firm’s 50-day moving average is $38.00 and its 200-day moving average is $36.44. The stock has a market cap of $35.91 billion, a P/E ratio of 19.78 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Exelon Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts forecast that Exelon Corporation will post $2.68 EPS for the current year.
In other Exelon Corporation news, EVP Jonathan W. Thayer sold 215,669 shares of Exelon Corporation stock in a transaction on Friday, July 28th. The stock was sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the completion of the transaction, the executive vice president now owns 237,181 shares in the company, valued at $9,012,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jonathan W. Thayer sold 202,950 shares of Exelon Corporation stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The disclosure for this sale can be found here. Over the last three months, insiders have sold 461,952 shares of company stock worth $17,573,309. 0.70% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Live Your Vision LLC raised its stake in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after purchasing an additional 27 shares during the last quarter. Assetmark Inc. raised its stake in shares of Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after purchasing an additional 2,610 shares during the last quarter. Sandy Spring Bank raised its stake in shares of Exelon Corporation by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after purchasing an additional 271 shares during the last quarter. V Wealth Management LLC purchased a new position in shares of Exelon Corporation in the second quarter worth $111,000. Finally, Sterling Investment Advisors Ltd. increased its position in Exelon Corporation by 1.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.
About Exelon Corporation
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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