Evercore ISI Reiterates In-Line Rating for Exelon (NASDAQ:EXC)

Exelon (NASDAQ:EXC - Get Free Report)'s stock had its "in-line" rating reaffirmed by equities researchers at Evercore ISI in a research report issued on Tuesday, MarketBeat.com reports. They currently have a $48.00 target price on the stock, up from their previous target price of $46.00. Evercore ISI's price objective would suggest a potential upside of 1.57% from the stock's current price.

EXC has been the subject of a number of other reports. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price objective on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.63.

Exelon Stock Up 1.6 %

EXC traded up $0.75 during midday trading on Tuesday, reaching $47.26. The company's stock had a trading volume of 7,496,103 shares, compared to its average volume of 7,228,455. Exelon has a 1 year low of $34.01 and a 1 year high of $48.11. The stock's 50-day moving average is $44.35 and its 200-day moving average is $40.81. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $47.71 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the company earned $0.60 earnings per share. As a group, research analysts expect that Exelon will post 2.64 EPS for the current year.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Exelon

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Centre Asset Management LLC increased its holdings in Exelon by 3.2% in the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after acquiring an additional 233 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock valued at $92,000 after purchasing an additional 275 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after acquiring an additional 296 shares during the period. PFG Investments LLC raised its position in Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company's stock worth $495,000 after purchasing an additional 305 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock worth $697,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.