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

Exelon (NYSE:EXC) had its target price lifted by Morgan Stanley from $40.00 to $43.00 in a report released on Monday. Morgan Stanley currently has an equal weight rating on the energy giant’s stock.

Several other brokerages also recently weighed in on EXC. Royal Bank of Canada reiterated an outperform rating and issued a $43.00 price objective on shares of Exelon in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Exelon from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research report on Wednesday, January 24th. Credit Suisse Group upgraded shares of Exelon to a buy rating and set a $42.00 price objective on the stock in a research report on Saturday, April 14th. JPMorgan Chase cut their price objective on shares of Exelon from $42.00 to $40.00 and set an overweight rating on the stock in a research report on Wednesday, February 21st. Finally, UBS started coverage on shares of Exelon in a research report on Friday, February 2nd. They issued a buy rating and a $44.00 price objective on the stock. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $41.72.

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Shares of NYSE:EXC opened at $38.94 on Monday. The stock has a market capitalization of $37,240.48, a P/E ratio of 14.98, a PEG ratio of 2.53 and a beta of 0.16. Exelon has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10.



Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. research analysts expect that Exelon will post 3.05 earnings per share for the current fiscal year.

In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $37.94, for a total transaction of $948,500.00. Following the sale, the chief executive officer now directly owns 19,429 shares in the company, 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 currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BKD Wealth Advisors LLC grew its stake 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 purchasing an additional 1,354 shares during the last quarter. Fieldpoint Private Securities LLC grew its stake 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 purchasing an additional 1,360 shares during the last quarter. OLD Second National Bank of Aurora grew its stake 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 purchasing an additional 1,400 shares during the last quarter. CIBC Asset Management Inc grew its stake 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 purchasing an additional 1,480 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Exelon by 12.3% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,789 shares of the energy giant’s stock worth $543,000 after purchasing an additional 1,512 shares during the last quarter. 78.09% of the stock is currently owned by 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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