Exelon Co. (NASDAQ:EXC) Receives $43.13 Consensus Target Price from Analysts

Shares of Exelon Co. (NASDAQ:EXC) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.13.

Several equities research analysts have commented on the stock. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley reduced their target price 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. Barclays reduced their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank increased their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th.

Exelon Trading Up 1.2 %

EXC opened at $41.04 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $41.26. The firm has a market capitalization of $41.24 billion, a PE ratio of 16.89, a P/E/G ratio of 2.66 and a beta of 0.56. The company’s 50-day moving average is $38.27 and its 200 day moving average is $38.63.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Institutional Trading of Exelon

Several institutional investors and hedge funds have recently made changes to their positions in EXC. Jones Financial Companies Lllp raised its position in Exelon by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 13,399 shares of the company’s stock worth $504,000 after purchasing an additional 6,968 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new position in Exelon in the 4th quarter worth $374,000. Bailard Inc. raised its position in Exelon by 3.1% in the 4th quarter. Bailard Inc. now owns 15,092 shares of the company’s stock worth $568,000 after purchasing an additional 451 shares during the period. Norden Group LLC raised its position in Exelon by 5.2% in the 4th quarter. Norden Group LLC now owns 7,227 shares of the company’s stock worth $272,000 after purchasing an additional 358 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Exelon by 54.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,661 shares of the company’s stock worth $364,000 after purchasing an additional 3,409 shares during the period. 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.