Royal Bank Of Canada restated their buy rating on shares of Exelon Corporation (NYSE:EXC) in a report released on Tuesday, November 7th. Royal Bank Of Canada currently has a $43.00 target price on the energy giant’s stock.
EXC has been the topic of several other research reports. KeyCorp reiterated a buy rating and issued a $41.00 target price on shares of Exelon Corporation in a report on Friday, September 1st. Bank of America Corporation began coverage on shares of Exelon Corporation in a report on Tuesday, October 24th. They set a buy rating and a $43.00 price objective on the stock. BidaskClub upgraded shares of Exelon Corporation from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Exelon Corporation from a sell rating to a hold rating in a research report on Friday, October 20th. Finally, Citigroup Inc. upgraded shares of Exelon Corporation from a neutral rating to a buy rating and boosted their price target for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $40.64.
Shares of Exelon Corporation (NYSE:EXC) opened at $41.26 on Tuesday. The stock has a market cap of $39,613.23, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 3.59 and a beta of 0.31. Exelon Corporation has a 52 week low of $31.55 and a 52 week high of $42.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. equities research analysts expect that Exelon Corporation will post 2.65 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s payout ratio is 58.74%.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 100,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total transaction of $4,113,000.00. Following the sale, the chairman now directly owns 267,649 shares in the company, valued at $11,008,403.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the sale, the executive vice president now owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,312,787 shares of company stock valued at $52,683,909. Corporate insiders own 0.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Andra AP fonden boosted its position in Exelon Corporation by 7.8% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock worth $6,027,000 after buying an additional 11,600 shares during the period. Heartland Advisors Inc. boosted its position in Exelon Corporation by 3.9% during the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock worth $13,484,000 after buying an additional 13,982 shares during the period. Calamos Advisors LLC boosted its position in Exelon Corporation by 667.0% during the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock worth $25,765,000 after buying an additional 621,188 shares during the period. Toronto Dominion Bank raised its holdings in Exelon Corporation by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock worth $52,426,000 after purchasing an additional 283,664 shares during the last quarter. Finally, CI Global Investments Inc. bought a new position in Exelon Corporation during the 2nd quarter worth approximately $136,723,000. Institutional investors own 78.04% of the company’s stock.
Exelon Corporation Company Profile
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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