Exelon (NASDAQ:EXC) Price Target Raised to $50.00

Exelon (NASDAQ:EXC) had its price objective boosted by BMO Capital Markets from $46.00 to $50.00 in a report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently commented on EXC. Guggenheim set a $47.00 target price on shares of Exelon and gave the company a “buy” rating in a report on Tuesday, April 22nd. UBS Group raised their target price on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley boosted their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Evercore ISI reiterated an “in-line” rating and set a $48.00 price target (up previously from $46.00) on shares of Exelon in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus price target of $46.67.

Exelon Stock Up 0.1 %

EXC stock opened at $46.90 on Monday. Exelon has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $47.35 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The firm has a 50-day moving average price of $44.95 and a 200-day moving average price of $41.18.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, equities research analysts anticipate that Exelon will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.41%. Exelon’s payout ratio is 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Exelon

A number of large investors have recently made changes to their positions in EXC. Ameriflex Group Inc. purchased a new position in shares of Exelon during the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC bought a new position in Exelon in the 4th quarter valued at $28,000. Stephens Consulting LLC grew its position in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon during the fourth quarter worth $30,000. Finally, Crews Bank & Trust purchased a new stake in shares of Exelon during the fourth quarter valued at $34,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.