Barclays Boosts Exelon (EXC) Price Target to $47.00

Exelon (NYSE:EXC) had its price target increased by Barclays from $46.00 to $47.00 in a research note issued to investors on Monday. They currently have a hold rating on the energy giant’s stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Exelon from a buy rating to a hold rating in a research note on Friday, November 16th. Royal Bank of Canada reiterated a buy rating and set a $46.00 price target on shares of Exelon in a research report on Wednesday, November 7th. Credit Suisse Group upped their price target on shares of Exelon from $47.00 to $48.00 and gave the stock an outperform rating in a research report on Tuesday, November 6th. Morgan Stanley set a $48.00 price target on shares of Exelon and gave the stock a hold rating in a research report on Friday, November 2nd. Finally, ValuEngine downgraded shares of Exelon from a buy rating to a hold rating in a research report on Thursday, November 1st. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $46.22.

Shares of NYSE:EXC opened at $44.95 on Monday. Exelon has a 52 week low of $35.57 and a 52 week high of $46.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.33. The firm has a market capitalization of $43.94 billion, a PE ratio of 17.29, a PEG ratio of 3.18 and a beta of 0.26.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.74 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that Exelon will post 3.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be given a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 annualized dividend and a yield of 3.07%. Exelon’s dividend payout ratio (DPR) is 53.08%.

Institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its position in Exelon by 26.1% during the 2nd quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock valued at $132,344,000 after purchasing an additional 643,409 shares during the period. Cerebellum GP LLC acquired a new position in Exelon during the 3rd quarter valued at about $185,000. BlackRock Inc. lifted its position in Exelon by 1.0% during the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after purchasing an additional 721,483 shares during the period. AE Wealth Management LLC acquired a new position in Exelon during the 2nd quarter valued at about $270,000. Finally, Balasa Dinverno & Foltz LLC lifted its position in Exelon by 6.9% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 37,598 shares of the energy giant’s stock valued at $1,642,000 after purchasing an additional 2,437 shares during the period. Institutional investors own 79.39% 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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