Exelon (NYSE:EXC) Price Target Cut to $41.00 by Analysts at Morgan Stanley

Exelon (NYSE:EXC) had its price objective cut by Morgan Stanley from $42.00 to $41.00 in a report published on Thursday, February 8th. They currently have an equal weight rating on the energy giant’s stock.

Several other brokerages have also recently issued reports on EXC. Zacks Investment Research upgraded Exelon from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada restated a buy rating and set a $43.00 price objective on shares of Exelon in a research note on Tuesday, November 7th. UBS Group initiated coverage on Exelon in a research note on Friday, February 2nd. They set a buy rating and a $44.00 price objective on the stock. SunTrust Banks set a $42.00 price objective on Exelon and gave the company a buy rating in a research note on Monday, February 5th. Finally, Mizuho initiated coverage on Exelon in a research note on Friday, December 15th. They set an underperform rating and a $36.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $41.03.

Exelon (NYSE:EXC) traded up $0.53 during trading hours on Thursday, hitting $37.13. The company had a trading volume of 2,345,731 shares, compared to its average volume of 7,103,387. 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 fifty-two week low of $33.30 and a fifty-two week high of $42.67. The firm has a market capitalization of $35,715.73, a PE ratio of 9.37, a price-to-earnings-growth ratio of 2.42 and a beta of 0.23.

Exelon (NYSE:EXC) last released its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. equities research analysts expect that Exelon will post 3.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.72%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio is presently 33.16%.

In related news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXC. Bank of Nova Scotia Trust Co. bought a new position in Exelon during the third quarter valued at about $102,000. NuWave Investment Management LLC acquired a new stake in shares of Exelon in the fourth quarter valued at about $105,000. Delpha Capital Management LLC acquired a new stake in shares of Exelon in the fourth quarter valued at about $108,000. Baker Ellis Asset Management LLC acquired a new stake in Exelon during the fourth quarter worth about $118,000. Finally, Cerebellum GP LLC acquired a new stake in Exelon during the fourth quarter worth about $122,000. Institutional investors own 78.01% of the company’s stock.

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About Exelon

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

Analyst Recommendations for Exelon (NYSE:EXC)

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