Exelon (NASDAQ:EXC) PT Lowered to $37.00

Exelon (NASDAQ:EXC) had its price target reduced by Scotiabank from $39.00 to $37.00 in a research note published on Monday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Several other equities analysts have also issued reports on EXC. Barclays boosted their target price on Exelon from $36.00 to $39.00 and gave the stock an overweight rating in a research report on Thursday, March 14th. Mizuho upgraded Exelon from a neutral rating to a buy rating and boosted their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Wells Fargo & Company decreased their target price on Exelon from $41.00 to $39.00 and set an equal weight rating for the company in a research report on Thursday, February 22nd. Bank of America decreased their target price on Exelon from $38.00 to $36.00 and set a neutral rating for the company in a research report on Friday, January 19th. Finally, StockNews.com upgraded Exelon from a sell rating to a hold rating in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Exelon currently has an average rating of Hold and a consensus price target of $38.92.

Exelon Stock Performance

Exelon stock opened at $37.66 on Monday. The stock has a 50-day simple moving average of $36.69 and a 200 day simple moving average of $37.11. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon has a 12-month low of $33.35 and a 12-month high of $43.54. The stock has a market capitalization of $37.64 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.75 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, research analysts anticipate that Exelon will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is presently 65.24%.

Institutional Investors Weigh In On Exelon

Several hedge funds have recently added to or reduced their stakes in the business. Addison Advisors LLC grew its position in Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares during the last quarter. MCF Advisors LLC lifted its stake in Exelon by 10.5% in the third quarter. MCF Advisors LLC now owns 2,936 shares of the company’s stock valued at $111,000 after buying an additional 278 shares during the period. Moors & Cabot Inc. lifted its stake in Exelon by 4.5% in the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock valued at $265,000 after buying an additional 303 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Exelon by 4.6% during the third quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock valued at $268,000 after acquiring an additional 309 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in shares of Exelon by 2.2% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock valued at $553,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds 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.