Barclays Boosts Exelon (NASDAQ:EXC) Price Target to $44.00

Exelon (NASDAQ:EXC) had its price target upped by equities research analysts at Barclays from $41.00 to $44.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.37% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley increased their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.33.

Exelon Price Performance

Shares of NASDAQ EXC traded up $0.67 during trading on Tuesday, reaching $40.60. The company had a trading volume of 1,697,804 shares, compared to its average volume of 6,756,551. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon has a twelve month low of $33.35 and a twelve month high of $41.48. The stock has a 50-day moving average price of $38.91 and a two-hundred day moving average price of $37.42. The stock has a market capitalization of $40.60 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period last year, the company earned $0.41 EPS. As a group, sell-side analysts predict that Exelon will post 2.45 earnings per share for the current year.

Institutional Trading of Exelon

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. increased its position in shares of Exelon by 3.0% in the third quarter. NBC Securities Inc. now owns 20,953 shares of the company’s stock worth $849,000 after acquiring an additional 607 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Exelon by 2.1% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 49,771 shares of the company’s stock valued at $2,018,000 after acquiring an additional 1,036 shares during the period. Creative Planning increased its position in Exelon by 49.1% in the 3rd quarter. Creative Planning now owns 201,264 shares of the company’s stock worth $8,161,000 after buying an additional 66,287 shares during the period. PATRIZIA Pty Ltd increased its position in Exelon by 8.3% during the third quarter. PATRIZIA Pty Ltd now owns 154,649 shares of the company’s stock worth $6,271,000 after acquiring an additional 11,816 shares during the period. Finally, Viking Fund Management LLC lifted its stake in shares of Exelon by 2.5% in the third quarter. Viking Fund Management LLC now owns 62,000 shares of the company’s stock valued at $2,514,000 after buying an additional 1,500 shares during the period. 80.92% of the stock is currently owned by institutional investors.

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.