Exelon (NASDAQ:EXC) PT Raised to $43.00

Exelon (NASDAQ:EXC) had its target price increased by stock analysts at UBS Group from $40.00 to $43.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 6.78% from the company’s current price.

EXC has been the topic of a number of other reports. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday. They set a “buy” rating and a $46.00 price objective on the stock. Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley raised their target price on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Finally, Barclays raised their target price on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.83.

Exelon Stock Up 2.5 %

EXC opened at $40.27 on Friday. The stock has a market cap of $40.29 billion, a PE ratio of 17.36, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon has a 52 week low of $33.35 and a 52 week high of $41.48. The business’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $37.06.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts expect that Exelon will post 2.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exelon

Several institutional investors and hedge funds have recently made changes to their positions in the company. Heritage Wealth Advisors grew its position in Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC bought a new stake in Exelon in the 1st quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in Exelon in the 1st quarter worth approximately $26,000. Versant Capital Management Inc grew its position in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in Exelon in the 2nd quarter worth approximately $28,000. Institutional investors own 80.92% of the company’s stock.

About Exelon

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.