BMO Capital Markets Boosts Exelon (NASDAQ:EXC) Price Target to $42.00

Exelon (NASDAQ:EXC) had its target price increased by BMO Capital Markets from $40.00 to $42.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on EXC. TheStreet downgraded Exelon from a b- rating to a c+ rating in a report on Wednesday, February 7th. Bank of America cut their target price on shares of Exelon from $38.00 to $36.00 and set a neutral rating on the stock in a report on Friday, January 19th. StockNews.com raised Exelon from a sell rating to a hold rating in a report on Monday, March 25th. Seaport Res Ptn lowered Exelon from a buy rating to a neutral rating in a research report on Monday, January 8th. Finally, Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the stock an overweight rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $38.83.

Exelon Stock Down 1.3 %

Shares of NASDAQ EXC opened at $37.41 on Friday. Exelon has a 1 year low of $33.35 and a 1 year high of $43.53. The firm has a market cap of $37.41 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53. The firm’s 50 day moving average price is $36.94 and its 200 day moving average price is $36.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. As a group, sell-side analysts anticipate that Exelon will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.06%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXC. Wellington Management Group LLP boosted its stake in Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the period. Legal & General Group Plc raised its position in Exelon by 0.6% during the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock valued at $477,837,000 after buying an additional 78,316 shares during the period. Northern Trust Corp lifted its stake in Exelon by 3.5% in the 3rd quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock worth $440,852,000 after acquiring an additional 395,908 shares in the last quarter. Norges Bank bought a new position in Exelon during the fourth quarter valued at approximately $382,015,000. Finally, Invesco Ltd. lifted its stake in shares of Exelon by 12.2% in the 3rd quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after purchasing an additional 1,092,736 shares during the last quarter. Institutional investors and hedge funds 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.