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

Exelon (NASDAQ:EXC) had its price target dropped by investment analysts at Barclays from $44.00 to $42.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 3.86% from the stock’s current price.

EXC has been the subject of a number of other research reports. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank raised their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $44.00 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and an average price target of $43.13.

Exelon Price Performance

NASDAQ:EXC opened at $40.44 on Wednesday. The company has a market capitalization of $40.64 billion, a P/E ratio of 16.64, a P/E/G ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon has a 52 week low of $33.35 and a 52 week high of $41.19. The stock’s fifty day moving average is $38.07 and its two-hundred day moving average is $38.31.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) 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%. Exelon’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Equities analysts expect that Exelon will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EXC. State Street Corp increased its stake in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC lifted its position in Exelon by 1.6% in the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after acquiring an additional 403,542 shares during the last quarter. FMR LLC boosted its stake in Exelon by 18.7% in the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after acquiring an additional 1,858,502 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Exelon by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after purchasing an additional 160,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares in the last quarter. Hedge funds and other 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.