Exelon (EXC) Price Target Raised to $43.00 at Morgan Stanley

Exelon (NYSE:EXC) had its target price raised by Morgan Stanley from $40.00 to $43.00 in a research note published on Monday morning. The brokerage currently has an equal weight rating on the energy giant’s stock.

Several other research analysts have also issued reports on EXC. SunTrust Banks reaffirmed a buy rating and issued a $44.00 target price on shares of Exelon in a research note on Wednesday, April 11th. Credit Suisse Group upgraded shares of Exelon to a buy rating and set a $42.00 price target on the stock in a research report on Saturday. JPMorgan Chase raised their target price on shares of Exelon from $40.00 to $41.00 and gave the stock an overweight rating in a report on Tuesday, April 10th. Zacks Investment Research downgraded shares of Exelon from a buy rating to a hold rating in a report on Tuesday, April 10th. Finally, UBS began coverage on shares of Exelon in a report on Friday, February 2nd. They set a buy rating and a $44.00 target price on the stock. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $41.72.

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Shares of NYSE EXC opened at $38.59 on Monday. The stock has a market capitalization of $36,999.23, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.52 and a beta of 0.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10. Exelon has a 1 year low of $33.30 and a 1 year high of $42.67.

Exelon (NYSE:EXC) last issued its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.05). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. analysts expect that Exelon will post 3.05 EPS for the current year.

In other news, CEO Calvin Butler, Jr. sold 25,000 shares of Exelon stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $37.94, for a total value of $948,500.00. Following the sale, the chief executive officer now directly owns 19,429 shares in the company, valued at $737,136.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of EXC. Geode Capital Management LLC grew its stake in shares of Exelon by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 10,305,203 shares of the energy giant’s stock valued at $405,288,000 after buying an additional 197,616 shares in the last quarter. CI Global Investments Inc. boosted its position in Exelon by 71.9% during the fourth quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock worth $326,987,000 after purchasing an additional 3,470,082 shares during the period. Jennison Associates LLC boosted its position in Exelon by 19.2% during the fourth quarter. Jennison Associates LLC now owns 7,704,703 shares of the energy giant’s stock worth $303,642,000 after purchasing an additional 1,242,889 shares during the period. Bank of Montreal Can boosted its position in Exelon by 44.6% during the fourth quarter. Bank of Montreal Can now owns 6,241,334 shares of the energy giant’s stock worth $245,971,000 after purchasing an additional 1,926,273 shares during the period. Finally, Prudential Financial Inc. boosted its position in Exelon by 30.9% during the third quarter. Prudential Financial Inc. now owns 4,259,368 shares of the energy giant’s stock worth $160,451,000 after purchasing an additional 1,005,696 shares during the period. Institutional investors own 78.09% of the company’s stock.

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About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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