Exelon (NYSE:EXC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, February 2nd. The firm presently has a $42.00 target price on the energy giant’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.73% from the company’s previous close.
According to Zacks, “In the last 12 months, shares of the Exelon Corporation have gained higher than the industry it belongs to. Exelon is well positioned to benefit from rate revisions and strong operational performance across its business. Exelon continues with its hedging program to manage market risks and protect the value of its generation. Further, the company is gaining from the Pepco Holdings acquisition. It is also expected to reap the benefits from its organic investment, acquisition and cost savings. However, Exelon is subject to the impact of commodity price volatility, price fluctuation in the wholesale markets and unfavorable weather conditions. Stringent government regulation is also a cause of concern.”
Other equities analysts also recently issued reports about the company. SunTrust Banks restated a “buy” rating and set a $41.00 price target on shares of Exelon in a report on Thursday, October 12th. UBS Group started coverage on Exelon in a report on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective for the company. Mizuho raised Exelon from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $36.00 to $40.00 in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. raised their target price on Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Finally, Goldman Sachs Group cut Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exelon presently has a consensus rating of “Buy” and an average target price of $41.03.
Shares of Exelon (EXC) traded up $0.07 on Friday, reaching $36.93. The company’s stock had a trading volume of 3,235,815 shares, compared to its average volume of 7,092,060. The stock has a market capitalization of $35,570.98, a price-to-earnings ratio of 9.35, a P/E/G ratio of 2.58 and a beta of 0.23. Exelon has a 1-year low of $33.30 and a 1-year high of $42.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The business had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. equities research analysts anticipate that Exelon will post 3.06 EPS for the current year.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Bank of Nova Scotia Trust Co. purchased a new position in Exelon during the third quarter worth approximately $102,000. NuWave Investment Management LLC acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $105,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $118,000. Cerebellum GP LLC acquired a new stake in Exelon during the fourth quarter worth $122,000. Finally, Trustcore Financial Services LLC acquired a new stake in Exelon during the fourth quarter worth $142,000. Institutional investors own 78.01% of the company’s stock.
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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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