Exelon (EXC) Given New $46.00 Price Target at Morgan Stanley

Exelon (NYSE:EXC) had its price objective raised by Morgan Stanley from $43.00 to $46.00 in a research note published on Tuesday morning, MarketBeat reports. The brokerage currently has a hold rating on the energy giant’s stock.

A number of other equities analysts have also issued reports on the company. SunTrust Banks lowered Exelon from a buy rating to a hold rating and set a $33.00 price target for the company. in a research note on Tuesday. They noted that the move was a valuation call. KeyCorp increased their price target on Exelon from $43.00 to $46.00 and gave the company an overweight rating in a research note on Friday, August 17th. Zacks Investment Research lowered Exelon from a buy rating to a hold rating in a research note on Wednesday, August 8th. Mizuho reaffirmed a hold rating and set a $40.00 price target on shares of Exelon in a research note on Monday, August 6th. Finally, Scotiabank began coverage on Exelon in a research note on Tuesday, July 24th. They set a hold rating and a $47.00 price target for the company. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $44.19.

Shares of EXC stock opened at $44.44 on Tuesday. Exelon has a 12-month low of $35.57 and a 12-month high of $45.05. The company has a market capitalization of $42.62 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.51 and a beta of 0.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03.

Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. equities research analysts forecast that Exelon will post 3.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.11%. Exelon’s dividend payout ratio (DPR) is presently 53.08%.

Several large investors have recently made changes to their positions in the company. Landaas & Co. WI ADV purchased a new stake in shares of Exelon in the second quarter valued at $116,000. Private Capital Group LLC lifted its holdings in shares of Exelon by 836.4% in the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock valued at $132,000 after purchasing an additional 3,011 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Exelon in the second quarter valued at $160,000. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Exelon in the second quarter valued at $200,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Exelon in the second quarter valued at $200,000. Institutional investors own 78.64% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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