Exelon (NASDAQ:EXC) Given New $42.00 Price Target at Barclays

Exelon (NASDAQ:EXC - Free Report) had its price objective reduced by Barclays from $44.00 to $42.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts also recently commented on EXC. Morgan Stanley dropped their price objective on Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and increased their price target for the company from $43.00 to $44.00 in a research note on Tuesday. Finally, Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Exelon has a consensus rating of "Moderate Buy" and an average price target of $43.13.

Exelon Stock Up 0.1 %

NASDAQ:EXC traded up $0.02 during mid-day trading on Wednesday, hitting $39.24. The stock had a trading volume of 5,917,137 shares, compared to its average volume of 5,758,158. Exelon has a twelve month low of $33.35 and a twelve month high of $41.19. The stock has a 50-day simple moving average of $38.09 and a two-hundred day simple moving average of $38.32. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $39.43 billion, a PE ratio of 16.15, a PEG ratio of 2.69 and a beta of 0.55.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company's revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. On average, equities research analysts anticipate that Exelon will post 2.46 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. Exelon's payout ratio is 62.55%.

Institutional Investors Weigh In On Exelon

Several hedge funds have recently made changes to their positions in EXC. Crews Bank & Trust purchased a new position in Exelon in the 4th quarter valued at $34,000. Busey Bank lifted its stake in shares of Exelon by 4.0% in the 4th quarter. Busey Bank now owns 326,105 shares of the company's stock worth $12,275,000 after acquiring an additional 12,530 shares during the period. Swedbank AB boosted its holdings in shares of Exelon by 4.1% in the fourth quarter. Swedbank AB now owns 2,744,358 shares of the company's stock valued at $103,298,000 after acquiring an additional 108,841 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in shares of Exelon during the fourth quarter worth about $414,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock worth $61,158,000 after purchasing an additional 279,827 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

About Exelon

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.