Exelon Corporation (NYSE:EXC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, August 1st.
Several other equities analysts also recently issued reports on EXC. UBS AG upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $37.50 in a research report on Monday, May 15th. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. Credit Suisse Group restated a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a research report on Tuesday, May 30th. Deutsche Bank AG restated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, Jefferies Group LLC restated a “buy” rating and set a $39.50 target price on shares of Exelon Corporation in a research report on Thursday, April 20th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $39.92.
Shares of Exelon Corporation (NYSE:EXC) opened at 37.99 on Tuesday. The firm has a 50-day moving average price of $37.24 and a 200 day moving average price of $36.12. The firm has a market capitalization of $36.47 billion, a price-to-earnings ratio of 20.09 and a beta of 0.27. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78.
Exelon Corporation (NYSE:EXC) last issued 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. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts anticipate that Exelon Corporation will post $2.69 EPS for the current fiscal year.
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In related news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the sale, the executive vice president now owns 53,102 shares in the company, valued at $1,967,429.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 57,243 shares in the company, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold 927,844 shares of company stock valued at $34,570,885 over the last ninety days. 0.70% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in EXC. Pennsylvania Trust Co raised its stake in Exelon Corporation by 0.8% in the first quarter. Pennsylvania Trust Co now owns 20,950 shares of the energy giant’s stock valued at $754,000 after buying an additional 160 shares during the last quarter. First American Bank acquired a new stake in Exelon Corporation during the first quarter valued at about $2,822,000. National Pension Service raised its stake in Exelon Corporation by 4.8% in the first quarter. National Pension Service now owns 720,059 shares of the energy giant’s stock valued at $25,706,000 after buying an additional 32,912 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Exelon Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 284,127 shares of the energy giant’s stock valued at $10,222,000 after buying an additional 3,850 shares in the last quarter. Finally, Chesley Taft & Associates LLC raised its stake in Exelon Corporation by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant’s stock valued at $212,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
About Exelon Corporation
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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