Barclays Cuts Exelon (NASDAQ:EXC) Price Target to $42.00

Exelon (NASDAQ:EXC) had its target price lowered by Barclays from $44.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

EXC has been the subject of a number of other research reports. Scotiabank lifted their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $44.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Price Performance

Shares of EXC opened at $39.38 on Wednesday. The business’s 50-day moving average is $38.12 and its 200-day moving average is $38.33. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market capitalization of $39.57 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.61 and a beta of 0.55. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $41.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. Equities research analysts expect that Exelon will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon’s payout ratio is currently 62.55%.

Hedge Funds Weigh In On Exelon

Institutional investors have recently modified their holdings of the company. American National Bank & Trust grew its stake in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon in the third quarter valued at about $32,000. Crews Bank & Trust bought a new position in shares of Exelon in the fourth quarter worth about $34,000. Versant Capital Management Inc lifted its position in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Exelon during the 2nd quarter valued at approximately $57,000. Institutional investors own 80.92% of the company’s stock.

About Exelon

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.