Shares of Exelon Corp. (NYSE:EXC) have been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $36.04.
A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Bank of America Corp. reissued a “hold” rating and set a $37.00 target price on shares of Exelon Corp. in a research report on Thursday, August 11th. Deutsche Bank AG upgraded shares of Exelon Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $36.00 to $39.00 in a report on Friday, July 22nd. Morgan Stanley set a $38.00 price target on shares of Exelon Corp. and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Jefferies Group restated a “buy” rating and issued a $40.00 price target on shares of Exelon Corp. in a report on Friday, August 12th.
Exelon Corp. (NYSE:EXC) traded down 0.18% during midday trading on Friday, reaching $33.23. 2,298,068 shares of the company’s stock traded hands. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70. The firm has a market cap of $30.67 billion, a PE ratio of 22.24 and a beta of 0.24. The firm’s 50-day moving average is $34.23 and its 200 day moving average is $34.97.
Exelon Corp. (NYSE:EXC) last posted its earnings results on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $7.30 billion. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts expect that Exelon Corp. will post $2.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were issued a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Thursday, August 11th. Exelon Corp.’s dividend payout ratio (DPR) is 84.67%.
In other news, CEO Kenneth W. Cornew sold 30,000 shares of Exelon Corp. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $36.47, for a total transaction of $1,094,100.00. Following the completion of the transaction, the chief executive officer now directly owns 32,844 shares of the company’s stock, valued at approximately $1,197,820.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Calvin Butler, Jr. sold 6,403 shares of Exelon Corp. stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total transaction of $224,105.00. Following the transaction, the chief executive officer now directly owns 18,109 shares of the company’s stock, valued at $633,815. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. purchased a new position in Exelon Corp. during the first quarter valued at $215,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Exelon Corp. by 2.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 57,011 shares of the energy giant’s stock valued at $2,044,000 after buying an additional 1,100 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Exelon Corp. by 33.7% in the first quarter. Ngam Advisors L.P. now owns 79,145 shares of the energy giant’s stock valued at $2,839,000 after buying an additional 19,929 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Exelon Corp. by 10.3% in the first quarter. Teachers Advisors Inc. now owns 1,302,285 shares of the energy giant’s stock valued at $46,700,000 after buying an additional 121,157 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Exelon Corp. by 24.0% in the first quarter. Rehmann Capital Advisory Group now owns 12,450 shares of the energy giant’s stock valued at $446,000 after buying an additional 2,412 shares during the last quarter. 74.90% of the stock is owned by hedge funds and other institutional investors.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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