Exelon (NASDAQ:EXC) Price Target Increased to $44.00 by Analysts at Barclays

Exelon (NASDAQ:EXC - Free Report) had its price objective raised by Barclays from $41.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently commented on EXC. Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a sector perform rating in a report on Tuesday, August 20th. UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a neutral rating in a report on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an equal weight rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They issued a buy rating and a $46.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an equal weight rating in a report on Wednesday, September 25th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $41.33.

Exelon Stock Up 1.6 %

EXC traded up $0.63 during trading on Tuesday, reaching $40.56. 6,077,261 shares of the stock were exchanged, compared to its average volume of 6,774,508. The stock has a market cap of $40.56 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. Exelon has a twelve month low of $33.35 and a twelve month high of $41.48. The stock's 50 day moving average price is $38.91 and its two-hundred day moving average price is $37.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the previous year, the company earned $0.41 earnings per share. Equities analysts expect that Exelon will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.75%. Exelon's dividend payout ratio is 65.52%.

Institutional Investors Weigh In On Exelon

Institutional investors and hedge funds have recently bought and sold shares of the company. Black Diamond Financial LLC lifted its holdings in shares of Exelon by 2.0% in the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company's stock worth $487,000 after acquiring an additional 279 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Exelon by 3.3% in the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company's stock worth $326,000 after acquiring an additional 304 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Exelon by 2.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company's stock worth $553,000 after acquiring an additional 310 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Exelon by 3.4% in the second quarter. Johnson Investment Counsel Inc. now owns 9,381 shares of the company's stock worth $325,000 after acquiring an additional 312 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Exelon by 8.9% in the second quarter. First Horizon Advisors Inc. now owns 4,096 shares of the company's stock worth $142,000 after acquiring an additional 334 shares during the last quarter. 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.