Exelon (NASDAQ:EXC) Upgraded at Guggenheim

Guggenheim upgraded shares of Exelon (NASDAQ:EXC) from a neutral rating to a buy rating in a research note released on Thursday, Marketbeat.com reports.

EXC has been the subject of a number of other reports. Scotiabank raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley reduced their price target 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. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Barclays reduced their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.13.

Exelon Trading Up 0.4 %

EXC opened at $39.38 on Thursday. The stock has a market cap of $39.57 billion, a PE ratio of 16.21, a PEG ratio of 2.61 and a beta of 0.55. The business has a 50 day moving average of $38.12 and a 200-day moving average of $38.36. Exelon has a 52 week low of $33.35 and a 52 week high of $41.19. 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 (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. Equities research analysts predict that Exelon will post 2.46 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

Institutional Inflows and Outflows

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

Exelon Company Profile

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.