Morgan Stanley Increases Exelon (EXC) Price Target to $43.00

Exelon (NYSE:EXC) had its target price raised by equities research analysts at Morgan Stanley from $40.00 to $43.00 in a research note issued on Monday. The brokerage currently has an “equal weight” rating on the energy giant’s stock. Morgan Stanley’s price objective points to a potential upside of 10.06% from the company’s previous close.

A number of other brokerages also recently issued reports on EXC. Credit Suisse Group downgraded shares of Exelon to a “hold” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, April 4th. JPMorgan Chase boosted their price objective on shares of Exelon from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Goldman Sachs raised shares of Exelon from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $33.30 to $43.00 in a research report on Wednesday, March 28th. Finally, SunTrust Banks reissued a “buy” rating and set a $44.00 price objective on shares of Exelon in a research report on Wednesday, April 11th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.72.

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NYSE:EXC opened at $39.07 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94. The firm has a market cap of $36,999.23, a P/E ratio of 15.03, a PEG ratio of 2.52 and a beta of 0.16. Exelon has a 52 week low of $33.30 and a 52 week high of $42.67.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.44 earnings per share. equities research analysts expect that Exelon will post 3.05 EPS for the current fiscal year.

In other news, CEO Calvin Butler, Jr. sold 25,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $737,136.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC grew its position in shares of Exelon by 13.1% in the 4th quarter. BKD Wealth Advisors LLC now owns 11,694 shares of the energy giant’s stock worth $461,000 after buying an additional 1,354 shares during the period. Fieldpoint Private Securities LLC grew its position in shares of Exelon by 15.0% in the 4th quarter. Fieldpoint Private Securities LLC now owns 10,425 shares of the energy giant’s stock worth $411,000 after buying an additional 1,360 shares during the period. OLD Second National Bank of Aurora grew its position in shares of Exelon by 29.6% in the 4th quarter. OLD Second National Bank of Aurora now owns 6,125 shares of the energy giant’s stock worth $241,000 after buying an additional 1,400 shares during the period. CIBC Asset Management Inc grew its position in shares of Exelon by 1.6% in the 4th quarter. CIBC Asset Management Inc now owns 96,194 shares of the energy giant’s stock worth $3,791,000 after buying an additional 1,480 shares during the period. Finally, Wetherby Asset Management Inc. grew its position in Exelon by 12.3% during the 4th quarter. Wetherby Asset Management Inc. now owns 13,789 shares of the energy giant’s stock valued at $543,000 after purchasing an additional 1,512 shares during the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Exelon (NYSE:EXC)

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