Exelon (NASDAQ:EXC) Price Target Increased to $44.00 by Analysts at Barclays

Exelon (NASDAQ:EXC) had its price target upped by Barclays from $41.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on the company. Morgan Stanley raised their price objective on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Scotiabank raised their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Finally, UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Price Performance

EXC opened at $40.95 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The company has a market cap of $40.97 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. The stock has a fifty day simple moving average of $39.17 and a two-hundred day simple moving average of $37.52. Exelon has a 12-month low of $33.35 and a 12-month high of $41.48.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period last year, the business earned $0.41 EPS. Research analysts predict that Exelon will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Hedge Funds Weigh In On Exelon

Hedge funds and other institutional investors have recently modified their holdings of the company. Register Financial Advisors LLC purchased a new stake in Exelon during the first quarter valued at $26,000. Crewe Advisors LLC purchased a new position in Exelon in the first quarter worth about $26,000. Versant Capital Management Inc grew its stake in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Exelon during the 2nd quarter valued at about $28,000. Finally, American National Bank & Trust lifted its stake in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares during the period. 80.92% of the stock is owned by institutional investors.

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.