Barclays Issues Pessimistic Forecast for Exelon (NASDAQ:EXC) Stock Price

Exelon (NASDAQ:EXC) had its price target dropped by investment analysts at Barclays from $44.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 3.86% from the company’s previous close.

Several other analysts also recently commented on EXC. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.13.

Exelon Price Performance

NASDAQ EXC opened at $40.44 on Wednesday. The stock’s fifty day moving average price is $38.07 and its 200 day moving average price is $38.31. Exelon has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market cap of $40.64 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.62 and a beta of 0.55.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Exelon will post 2.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American National Bank & Trust raised its stake in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Exelon during the third quarter worth $32,000. Versant Capital Management Inc grew its holdings in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after buying an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Exelon in the 2nd quarter worth $57,000. Finally, UMB Bank n.a. raised its holdings in shares of Exelon by 92.7% during the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after acquiring an additional 735 shares during the period. Hedge funds and other institutional investors 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.