Exelon (EXC) Rating Reiterated by SunTrust Banks

Exelon (NYSE:EXC)‘s stock had its “hold” rating restated by research analysts at SunTrust Banks in a note issued to investors on Tuesday. They presently have a $49.00 target price on the energy giant’s stock. SunTrust Banks’ price objective suggests a potential upside of 2.30% from the stock’s current price. SunTrust Banks also issued estimates for Exelon’s Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.62 EPS, Q1 2020 earnings at $0.84 EPS, Q2 2020 earnings at $0.75 EPS, Q3 2020 earnings at $0.92 EPS, Q4 2020 earnings at $0.61 EPS and FY2020 earnings at $3.11 EPS.

Several other equities research analysts have also issued reports on EXC. Goldman Sachs Group lowered Exelon from a “neutral” rating to a “sell” rating and set a $43.00 price target for the company. in a report on Friday, January 4th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Royal Bank of Canada restated a “buy” rating and set a $51.00 target price on shares of Exelon in a research report on Wednesday, January 23rd. Morgan Stanley set a $48.00 price objective on Exelon and gave the stock a “hold” rating in a research report on Friday, November 2nd. Finally, Barclays upped their price objective on Exelon from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.94.

Shares of EXC stock opened at $47.90 on Tuesday. The company has a market capitalization of $46.38 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 3.31 and a beta of 0.39. Exelon has a fifty-two week low of $36.22 and a fifty-two week high of $48.17. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.04.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Friday, February 8th. The energy giant reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the company earned $0.55 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts predict that Exelon will post 3.16 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Csenge Advisory Group acquired a new position in shares of Exelon during the 3rd quarter worth about $26,000. Moody National Bank Trust Division bought a new position in Exelon during the 4th quarter worth about $26,000. Braun Bostich & Associates Inc. raised its holdings in shares of Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after acquiring an additional 209 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Exelon by 84.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 969 shares of the energy giant’s stock worth $44,000 after purchasing an additional 445 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in shares of Exelon in the fourth quarter valued at about $48,000. 80.71% of the stock is currently owned by institutional investors and hedge funds.

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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