Exelon Co. (EXC) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Exelon Co. (NYSE:EXC) have received a consensus recommendation of “Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $47.00.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, December 13th. Scotiabank reissued a “buy” rating and issued a $50.00 price objective on shares of Exelon in a report on Wednesday. Wells Fargo & Co reissued a “hold” rating on shares of Exelon in a report on Friday, February 8th. Finally, Morgan Stanley increased their price objective on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday.

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NYSE:EXC traded up $0.40 during trading hours on Friday, reaching $48.26. 6,128,349 shares of the stock were exchanged, compared to its average volume of 5,414,592. Exelon has a twelve month low of $36.50 and a twelve month high of $48.26. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.04. The company has a market cap of $46.80 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39.

Exelon (NYSE:EXC) last released its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Exelon will post 3.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 20th will be paid a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, February 19th. This is a boost from Exelon’s previous quarterly dividend of $0.35. Exelon’s dividend payout ratio is 44.23%.

In related news, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $47.88, for a total value of $837,900.00. Following the sale, the executive vice president now owns 67,548 shares in the company, valued at approximately $3,234,198.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EXC. Csenge Advisory Group bought a new stake in Exelon in the 3rd quarter valued at $26,000. Moody National Bank Trust Division bought a new position in Exelon during the 4th quarter worth $26,000. Braun Bostich & Associates Inc. increased its position in Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after buying an additional 209 shares during the period. Capital Financial Planning LLC bought a new position in Exelon during the 4th quarter worth $29,000. Finally, Semmax Financial Advisors Inc. bought a new position in Exelon during the 4th quarter worth $35,000. Institutional investors and hedge funds own 80.71% of the company’s stock.

About Exelon

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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Analyst Recommendations for Exelon (NYSE:EXC)

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