Analysts Set Exelon Corporation (NYSE:EXC) Price Target at $39.00

Shares of Exelon Corporation (NYSE:EXC) have earned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.69.

A number of equities research analysts have weighed in on the company. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. Credit Suisse Group restated a “buy” rating and set a $42.00 price target on shares of Exelon Corporation in a research report on Tuesday, May 30th. Finally, UBS AG upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $37.50 in a research report on Monday, May 15th.

Exelon Corporation (NYSE EXC) opened at 37.74 on Friday. The firm has a market cap of $36.23 billion, a PE ratio of 19.96 and a beta of 0.27. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The stock’s 50 day moving average price is $37.03 and its 200-day moving average price is $36.01.

Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Equities research analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be given a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.47%. Exelon Corporation’s dividend payout ratio is currently 68.59%.

TRADEMARK VIOLATION WARNING: “Analysts Set Exelon Corporation (NYSE:EXC) Price Target at $39.00” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/19/exelon-corporation-nyseexc-receives-39-00-average-price-target-from-analysts-updated-updated-updated.html.

In other news, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $38.00, for a total value of $7,712,100.00. Following the sale, the chief financial officer now directly owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 927,844 shares of company stock worth $34,570,885. Insiders own 0.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. CT Financial Advisors LLC raised its position in shares of Exelon Corporation by 0.3% in the first quarter. CT Financial Advisors LLC now owns 4,131 shares of the energy giant’s stock worth $149,000 after buying an additional 12 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Cambridge Advisors Inc. raised its position in shares of Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock worth $249,000 after buying an additional 23 shares during the last quarter. Live Your Vision LLC raised its position in shares of Exelon Corporation by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after buying an additional 26 shares during the last quarter. Finally, Chesley Taft & Associates LLC raised its position in shares of Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock worth $213,000 after buying an additional 35 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Exelon Corporation Company Profile

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.

Analyst Recommendations for Exelon Corporation (NYSE:EXC)

Receive News & Ratings for Exelon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply