Exelon (NASDAQ:EXC) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Exelon (NASDAQ:EXC) from an in-line rating to an outperform rating in a research note published on Tuesday, Marketbeat reports. They currently have $44.00 target price on the stock, up from their previous target price of $43.00.

EXC has been the subject of several other reports. Scotiabank lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley decreased their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.13.

Exelon Stock Performance

Shares of EXC opened at $39.24 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm has a market cap of $39.43 billion, a PE ratio of 16.15, a P/E/G ratio of 2.69 and a beta of 0.55. Exelon has a 12 month low of $33.35 and a 12 month high of $41.19. The stock has a fifty day moving average price of $38.09 and a 200-day moving average price of $38.32.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. Equities research analysts predict that Exelon will post 2.46 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.87%. Exelon’s payout ratio is 62.55%.

Institutional Investors Weigh In On Exelon

A number of hedge funds have recently modified their holdings of EXC. American National Bank & Trust increased its stake in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon during the 3rd quarter worth about $32,000. Crews Bank & Trust purchased a new stake in Exelon in the 4th quarter valued at about $34,000. Versant Capital Management Inc lifted its position in Exelon by 56.7% in the fourth 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 during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Exelon during the second quarter worth about $57,000. 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.