Shares of Exelon Co. (NYSE:EXC) have been given a consensus rating of “Buy” by the thirteen research firms that are covering the firm. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.75.
EXC has been the topic of several research analyst reports. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, January 9th. Royal Bank of Canada set a $40.00 target price on Exelon and gave the company a “buy” rating in a research note on Wednesday, January 4th. Goldman Sachs Group Inc reduced their target price on Exelon from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, February 10th. Citigroup Inc raised Exelon from a “sell” rating to a “neutral” rating in a research note on Friday, December 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $39.50 target price (up from $37.00) on shares of Exelon in a research note on Friday, December 23rd.
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Exelon (NYSE:EXC) opened at 35.57 on Tuesday. The company has a market capitalization of $32.96 billion, a PE ratio of 29.16 and a beta of 0.26. Exelon has a 52 week low of $29.82 and a 52 week high of $37.70. The firm’s 50-day moving average price is $35.80 and its 200 day moving average price is $34.30.
Exelon (NYSE:EXC) last posted its earnings results on Wednesday, February 8th. The energy giant reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Exelon had a net margin of 3.59% and a return on equity of 9.24%. The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same period last year, the firm posted $0.38 earnings per share. Exelon’s quarterly revenue was up 20.5% on a year-over-year basis. Equities research analysts expect that Exelon will post $2.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Wednesday, February 15th were paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.68%. This is a boost from Exelon’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, February 13th. Exelon’s dividend payout ratio is presently 106.50%.
In related news, SVP Duane M. Desparte sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $35.82, for a total value of $179,100.00. Following the sale, the senior vice president now directly owns 9,914 shares of the company’s stock, valued at $355,119.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of EXC. BlackRock Group LTD boosted its stake in shares of Exelon by 0.5% in the third quarter. BlackRock Group LTD now owns 8,887,926 shares of the energy giant’s stock valued at $295,878,000 after buying an additional 41,947 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Exelon by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 25,549,379 shares of the energy giant’s stock valued at $850,539,000 after buying an additional 416,805 shares during the last quarter. Allianz Asset Management AG boosted its stake in shares of Exelon by 18.4% in the fourth quarter. Allianz Asset Management AG now owns 2,097,562 shares of the energy giant’s stock valued at $74,442,000 after buying an additional 325,314 shares during the last quarter. Morgan Stanley boosted its stake in shares of Exelon by 11.5% in the third quarter. Morgan Stanley now owns 3,801,651 shares of the energy giant’s stock valued at $126,557,000 after buying an additional 391,983 shares during the last quarter. Finally, Credit Agricole S A boosted its stake in shares of Exelon by 24.6% in the fourth quarter. Credit Agricole S A now owns 538,362 shares of the energy giant’s stock valued at $19,107,000 after buying an additional 106,388 shares during the last quarter. 75.83% of the stock is currently owned by institutional investors.
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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