Exelon Co. (EXC) Given Consensus Rating of “Buy” by Analysts

Exelon Co. (NYSE:EXC) has been given a consensus rating of “Buy” by the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.82.

A number of research firms have recently weighed in on EXC. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, December 13th. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and upped their target price for the stock from $43.00 to $47.00 in a research report on Tuesday. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $57.00 in a research report on Tuesday, April 2nd. Scotiabank reaffirmed a “buy” rating and issued a $50.00 target price on shares of Exelon in a research report on Wednesday, February 13th. Finally, Morgan Stanley upped their target price on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th.

In related news, EVP Joseph Nigro sold 53,800 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the sale, the executive vice president now directly owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.36, for a total transaction of $846,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 88,800 shares of company stock worth $4,352,142 over the last three months. 0.27% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc lifted its stake in Exelon by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after acquiring an additional 1,309,965 shares during the period. BlackRock Inc. lifted its stake in shares of Exelon by 4.6% in the 4th quarter. BlackRock Inc. now owns 75,231,069 shares of the energy giant’s stock worth $3,392,922,000 after purchasing an additional 3,305,035 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Exelon by 4,439.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,185,910 shares of the energy giant’s stock worth $514,000 after purchasing an additional 22,675,097 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Exelon by 4.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,107,490 shares of the energy giant’s stock worth $906,848,000 after purchasing an additional 868,290 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Exelon by 0.3% in the 4th quarter. LSV Asset Management now owns 13,204,962 shares of the energy giant’s stock worth $595,543,000 after purchasing an additional 38,380 shares during the period. 80.13% of the stock is currently owned by institutional investors.

Shares of NYSE EXC opened at $49.78 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 1.02. Exelon has a 12 month low of $37.45 and a 12 month high of $50.85. The firm has a market capitalization of $48.28 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.87 and a beta of 0.37.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Friday, February 8th. The energy giant reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Exelon had a net margin of 5.58% and a return on equity of 9.18%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Exelon will post 3.13 EPS for the current year.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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Analyst Recommendations for Exelon (NYSE:EXC)

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