Exelon (NASDAQ:EXC) Price Target Raised to $43.00

Exelon (NASDAQ:EXC) had its price objective hoisted by UBS Group from $40.00 to $43.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 6.78% from the company’s current price.

A number of other research firms have also recently weighed in on EXC. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday. They set a “buy” rating and a $46.00 target price on the stock. Morgan Stanley increased their price objective on shares of Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Barclays increased their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Scotiabank increased their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.83.

Exelon Trading Up 2.5 %

Shares of EXC stock opened at $40.27 on Friday. Exelon has a 1 year low of $33.35 and a 1 year high of $41.48. The firm has a fifty day moving average price of $37.83 and a 200-day moving average price of $37.06. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, equities analysts predict that Exelon will post 2.44 earnings per share for the current year.

Institutional Investors Weigh In On Exelon

Several institutional investors have recently bought and sold shares of EXC. Crewe Advisors LLC purchased a new position in shares of Exelon in the first quarter worth about $26,000. Heritage Wealth Advisors raised its stake in shares of Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of Exelon in the first quarter worth about $26,000. Versant Capital Management Inc raised its stake in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in shares of Exelon in the second quarter worth about $28,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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.