Exelon (NASDAQ:EXC) Given New $48.00 Price Target at Barclays

Exelon (NASDAQ:EXC) had its price target upped by Barclays from $42.00 to $48.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts also recently commented on EXC. Morgan Stanley dropped their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Scotiabank upped their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Price Performance

EXC stock opened at $43.84 on Tuesday. The business’s fifty day moving average price is $39.99 and its 200 day moving average price is $39.27. Exelon has a 12-month low of $34.01 and a 12-month high of $44.32. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $44.06 billion, a PE ratio of 17.89, a P/E/G ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the firm earned $0.60 EPS. On average, sell-side analysts anticipate that Exelon will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.65%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EXC. Private Advisor Group LLC increased its holdings in shares of Exelon by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock valued at $2,338,000 after acquiring an additional 2,271 shares during the period. Allworth Financial LP raised its holdings in shares of Exelon by 1.5% in the third quarter. Allworth Financial LP now owns 20,801 shares of the company’s stock valued at $843,000 after buying an additional 311 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Exelon in the third quarter valued at about $216,000. Frank Rimerman Advisors LLC grew its holdings in shares of Exelon by 11.6% during the third quarter. Frank Rimerman Advisors LLC now owns 11,269 shares of the company’s stock worth $457,000 after buying an additional 1,168 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Exelon by 3.1% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,730 shares of the company’s stock valued at $435,000 after acquiring an additional 323 shares during the period. Institutional investors and hedge funds 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.