Other analysts have also issued reports about the stock. Mizuho reaffirmed a hold rating and issued a $40.00 price target on shares of Exelon in a research note on Monday, August 6th. Zacks Investment Research lowered shares of Exelon from a buy rating to a hold rating in a research note on Wednesday, August 8th. Macquarie boosted their target price on shares of Exelon from $45.00 to $46.00 and gave the stock a buy rating in a report on Monday, September 24th. Barclays began coverage on shares of Exelon in a report on Tuesday, July 10th. They issued an equal weight rating and a $46.00 target price on the stock. Finally, SunTrust Banks reiterated a hold rating and issued a $45.00 target price on shares of Exelon in a report on Monday, September 24th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $46.00.
Exelon stock traded up $0.29 during midday trading on Friday, reaching $45.04. 5,877,060 shares of the stock traded hands, compared to its average volume of 6,422,645. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $43.20 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.87 and a beta of 0.26. Exelon has a fifty-two week low of $35.57 and a fifty-two week high of $45.29.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.06%. Exelon’s dividend payout ratio is currently 53.08%.
Several hedge funds have recently added to or reduced their stakes in the company. West Chester Capital Advisors Inc. raised its holdings in shares of Exelon by 8.4% during the third quarter. West Chester Capital Advisors Inc. now owns 15,682 shares of the energy giant’s stock valued at $685,000 after acquiring an additional 1,219 shares during the period. Credit Agricole S A raised its stake in Exelon by 24.5% during the 2nd quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock valued at $265,000 after purchasing an additional 1,225 shares during the last quarter. IFP Advisors Inc raised its stake in Exelon by 4.2% during the 2nd quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock valued at $1,318,000 after purchasing an additional 1,234 shares during the last quarter. Sumitomo Life Insurance Co. raised its stake in Exelon by 4.5% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock valued at $1,218,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Lincoln National Corp raised its stake in Exelon by 13.2% during the 2nd quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock valued at $454,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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