The Exelon Corp. (EXC) Stock Rating Reaffirmed by Jefferies Group

The Exelon Corp. (EXC) Stock Rating Reaffirmed by Jefferies Group

Jefferies Group reissued their buy rating on shares of Exelon Corp. (NYSE:EXC) in a research note released on Monday. They currently have a $36.00 price target on the energy giant’s stock, down from their prior price target of $40.00.

A number of other equities analysts have also weighed in on EXC. Zacks Investment Research lowered shares of Exelon Corp. from a hold rating to a sell rating in a research report on Tuesday, July 19th. Citigroup Inc. increased their target price on shares of Exelon Corp. from $27.00 to $29.00 and gave the stock a sell rating in a research report on Wednesday, July 20th. Deutsche Bank AG upgraded shares of Exelon Corp. from a hold rating to a buy rating and increased their target price for the stock from $36.00 to $39.00 in a research report on Friday, July 22nd. Bank of America Corp. reiterated a hold rating and set a $37.00 target price on shares of Exelon Corp. in a research report on Thursday, August 11th. Finally, Morgan Stanley set a $38.00 target price on shares of Exelon Corp. and gave the stock a hold rating in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Exelon Corp. has an average rating of Hold and an average price target of $36.33.

Shares of Exelon Corp. (NYSE:EXC) opened at 32.85 on Monday. Exelon Corp. has a one year low of $25.09 and a one year high of $37.70. The company’s 50 day moving average is $33.61 and its 200 day moving average is $34.80. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 21.99 and a beta of 0.25.

Exelon Corp. (NYSE:EXC) last posted its quarterly earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The company earned $6.90 billion during the quarter, compared to analyst estimates of $7.30 billion. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities research analysts predict that Exelon Corp. will post $2.55 earnings per share for the current year.

In other Exelon Corp. news, CEO Calvin Butler, Jr. sold 6,403 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total transaction of $224,105.00. Following the transaction, the chief executive officer now directly owns 18,109 shares in the company, valued at $633,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its position in shares of Exelon Corp. by 16.2% in the first quarter. Lazard Asset Management LLC now owns 771,013 shares of the energy giant’s stock worth $27,647,000 after buying an additional 107,485 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Exelon Corp. by 13,381.3% in the first quarter. Meeder Asset Management Inc. now owns 40,444 shares of the energy giant’s stock worth $1,450,000 after buying an additional 40,144 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Exelon Corp. by 376.0% in the first quarter. BB&T Securities LLC now owns 57,323 shares of the energy giant’s stock valued at $2,055,000 after buying an additional 45,281 shares in the last quarter. Bernicke & Associates LTD boosted its position in shares of Exelon Corp. by 5.5% in the first quarter. Bernicke & Associates LTD now owns 27,905 shares of the energy giant’s stock valued at $1,001,000 after buying an additional 1,454 shares in the last quarter. Finally, Credit Agricole S A boosted its position in shares of Exelon Corp. by 47.9% in the first quarter. Credit Agricole S A now owns 708,490 shares of the energy giant’s stock valued at $25,407,000 after buying an additional 229,439 shares in the last quarter. Institutional investors and hedge funds own 74.90% of the company’s stock.

About Exelon Corp.

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