Exelon (EXC) Price Target Cut to $47.00 by Analysts at Morgan Stanley

Exelon (NYSE:EXC) had its price target decreased by Morgan Stanley from $48.00 to $47.00 in a report issued on Wednesday. Morgan Stanley currently has an equal weight rating on the energy giant’s stock.

EXC has been the topic of several other research reports. Zacks Investment Research downgraded shares of Exelon from a buy rating to a hold rating in a research note on Wednesday, June 13th. SunTrust Banks downgraded shares of Exelon from a buy rating to a hold rating and set a $33.00 price target on the stock. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. ValuEngine raised shares of Exelon from a hold rating to a buy rating in a research note on Friday, June 1st. Guggenheim reaffirmed a buy rating and issued a $51.00 price target on shares of Exelon in a research note on Monday, July 23rd. Finally, KeyCorp raised their price target on shares of Exelon from $40.00 to $43.00 and gave the stock an overweight rating in a research note on Wednesday, May 30th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $45.11.

EXC stock traded up $0.53 during trading on Wednesday, hitting $42.73. The company had a trading volume of 85,663 shares, compared to its average volume of 5,078,452. The company has a market capitalization of $41.13 billion, a PE ratio of 16.38, a P/E/G ratio of 2.43 and a beta of 0.21. Exelon has a 52-week low of $35.57 and a 52-week high of $45.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. sell-side analysts forecast that Exelon will post 3.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 3.23%. The ex-dividend date is Wednesday, November 14th. Exelon’s payout ratio is 53.08%.

Institutional investors have recently modified their holdings of the business. Landaas & Co. WI ADV bought a new position in Exelon during the 2nd quarter worth about $116,000. Private Capital Group LLC boosted its holdings in shares of Exelon by 836.4% in the 1st quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock valued at $132,000 after buying an additional 3,011 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Exelon by 2,718.1% in the 1st quarter. Summit Trail Advisors LLC now owns 154,178 shares of the energy giant’s stock valued at $154,000 after buying an additional 148,707 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Exelon in the 2nd quarter valued at about $160,000. Finally, Credit Agricole S A bought a new stake in shares of Exelon in the 1st quarter valued at about $195,000. Institutional investors own 78.57% of the company’s stock.

Exelon Company Profile

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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