Exelon Corp. (NYSE:EXC) – Jefferies Group increased their FY2016 earnings per share (EPS) estimates for Exelon Corp. in a research report issued on Monday. Jefferies Group analyst A. Crowdell now anticipates that the firm will post earnings of $2.60 per share for the year, up from their previous forecast of $2.50. Jefferies Group has a “Buy” rating and a $36.00 price objective on the stock.
Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, August 16th. Bank of America Corp. reiterated a “hold” rating and issued a $37.00 price objective on shares of Exelon Corp. in a research note on Thursday, August 11th. Deutsche Bank AG upgraded shares of Exelon Corp. from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a research note on Friday, July 22nd. Morgan Stanley set a $38.00 target price on shares of Exelon Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Finally, Zacks Investment Research upgraded shares of Exelon Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Exelon Corp. currently has an average rating of “Hold” and an average price target of $36.33.
Exelon Corp. (NYSE:EXC) opened at 32.85 on Wednesday. The company’s 50 day moving average is $33.61 and its 200-day moving average is $34.80. The stock has a market cap of $30.32 billion, a PE ratio of 21.99 and a beta of 0.25. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings data on Tuesday, August 9th. The energy giant reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. The firm earned $6.90 billion during the quarter, compared to analysts’ expectations of $7.30 billion. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS.
In other news, CEO Calvin Butler, Jr. sold 6,403 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the completion of the transaction, the chief executive officer now owns 18,109 shares of the company’s stock, valued at $633,815. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. increased its stake in 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 worth $2,044,000 after buying an additional 1,100 shares during the last quarter. Ngam Advisors L.P. increased its stake in Exelon Corp. by 33.7% in the first quarter. Ngam Advisors L.P. now owns 79,145 shares of the energy giant’s stock worth $2,839,000 after buying an additional 19,929 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Exelon Corp. by 5.8% in the first quarter. JPMorgan Chase & Co. now owns 881,523 shares of the energy giant’s stock worth $31,610,000 after buying an additional 48,137 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Exelon Corp. during the first quarter worth about $8,343,000. Finally, Advisor Partners LLC bought a new stake in Exelon Corp. during the first quarter worth about $241,000. 74.90% of the stock is owned by institutional investors and hedge funds.
Exelon Corp. Company Profile
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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