Exelon (NASDAQ:EXC) Price Target Raised to $46.00 at Credit Suisse Group

Exelon (NASDAQ:EXCGet Rating) had its target price increased by Credit Suisse Group from $42.00 to $46.00 in a research note released on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also weighed in on EXC. BMO Capital Markets lowered their price objective on Exelon from $51.00 to $41.00 in a research note on Tuesday, October 18th. Mizuho lowered their price objective on Exelon from $47.00 to $39.00 and set a buy rating on the stock in a research note on Friday, November 4th. Morgan Stanley boosted their target price on Exelon from $46.00 to $49.00 and gave the stock an overweight rating in a report on Thursday, December 15th. Guggenheim reduced their target price on Exelon from $49.00 to $40.00 in a report on Monday, October 24th. Finally, Wells Fargo & Company boosted their target price on Exelon to $47.00 in a report on Wednesday, December 14th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Exelon has an average rating of Moderate Buy and an average target price of $46.00.

Exelon Stock Down 1.2 %

Shares of EXC opened at $41.82 on Monday. Exelon has a 12-month low of $35.19 and a 12-month high of $50.71. The company has a market capitalization of $41.56 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60. The firm’s 50-day moving average price is $41.82. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.45.

Exelon (NASDAQ:EXCGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. Exelon had a return on equity of 10.12% and a net margin of 8.85%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was down 45.6% compared to the same quarter last year. Equities research analysts expect that Exelon will post 2.27 EPS for the current year.

Exelon Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were issued a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Monday, November 14th. Exelon’s dividend payout ratio is 62.50%.

Institutional Trading of Exelon

Institutional investors and hedge funds have recently made changes to their positions in the business. Cowa LLC bought a new stake in shares of Exelon during the 3rd quarter valued at $26,000. Hallmark Capital Management Inc. bought a new stake in shares of Exelon in the 2nd quarter valued at $32,000. Independence Bank of Kentucky increased its position in shares of Exelon by 133.3% in the 4th quarter. Independence Bank of Kentucky now owns 700 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. First Financial Corp IN increased its position in shares of Exelon by 47.0% in the 4th quarter. First Financial Corp IN now owns 735 shares of the company’s stock valued at $32,000 after buying an additional 235 shares in the last quarter. Finally, Affiance Financial LLC bought a new stake in shares of Exelon in the 4th quarter valued at $32,000. Institutional investors own 80.60% of the company’s stock.

Exelon Company Profile

(Get Rating)

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

Further Reading

Analyst Recommendations for Exelon (NASDAQ:EXC)

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