Guggenheim Upgrades Exelon (NASDAQ:EXC) to Buy

Exelon (NASDAQ:EXC) was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

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

Exelon Stock Performance

EXC opened at $39.38 on Thursday. 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 capitalization of $39.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. The business has a fifty day simple moving average of $38.12 and a 200 day simple moving average of $38.33. Exelon has a 1 year low of $33.35 and a 1 year high of $41.19.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts expect that Exelon will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Foundations Investment Advisors LLC grew its holdings in shares of Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after buying an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of Exelon by 12.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after buying an additional 275 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after acquiring an additional 285 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Exelon by 3.1% during the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after acquiring an additional 296 shares in the last quarter. 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.