Exelon Co. (NYSE:EXC) – Investment analysts at SunTrust Banks issued their FY2021 earnings estimates for shares of Exelon in a research note issued to investors on Wednesday, April 17th. SunTrust Banks analyst A. Agha anticipates that the energy giant will post earnings per share of $3.10 for the year. SunTrust Banks currently has a “Hold” rating and a $49.00 price target on the stock.
Several other research firms have also commented on EXC. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and increased their target price for the company from $50.00 to $57.00 in a report on Tuesday, April 2nd. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and increased their target price for the company from $43.00 to $47.00 in a report on Tuesday, April 9th. Scotiabank reaffirmed a “buy” rating and set a $50.00 target price on shares of Exelon in a report on Wednesday, February 13th. Morgan Stanley increased their target price on shares of Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 target price on shares of Exelon in a report on Wednesday, January 23rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.82.
EXC stock opened at $48.89 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.17. Exelon has a 52 week low of $38.40 and a 52 week high of $50.85. The firm has a market cap of $47.42 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 3.92 and a beta of 0.37.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Exelon had a net margin of 5.58% and a return on equity of 9.18%. Exelon’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS.
Institutional investors have recently made changes to their positions in the business. IFM Investors Pty Ltd lifted its position in shares of Exelon by 12.8% in the 1st quarter. IFM Investors Pty Ltd now owns 62,224 shares of the energy giant’s stock worth $3,119,000 after purchasing an additional 7,058 shares during the period. Carroll Financial Associates Inc. lifted its position in Exelon by 45.6% during the 1st quarter. Carroll Financial Associates Inc. now owns 6,669 shares of the energy giant’s stock valued at $334,000 after acquiring an additional 2,090 shares during the period. Chesapeake Wealth Management lifted its position in Exelon by 2.7% during the 1st quarter. Chesapeake Wealth Management now owns 22,370 shares of the energy giant’s stock valued at $1,121,000 after acquiring an additional 595 shares during the period. DAVENPORT & Co LLC purchased a new position in Exelon during the 1st quarter valued at about $542,000. Finally, Northpointe Capital LLC lifted its position in Exelon by 7.8% during the 1st quarter. Northpointe Capital LLC now owns 101,343 shares of the energy giant’s stock valued at $5,080,000 after acquiring an additional 7,332 shares during the period. 80.19% of the stock is currently owned by institutional investors and hedge funds.
In other Exelon news, EVP Joseph Nigro sold 53,800 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total value of $2,667,942.00. Following the sale, the executive vice president now owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paymon Aliabadi sold 17,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $48.36, for a total transaction of $846,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 88,800 shares of company stock worth $4,352,142. Insiders own 0.27% of the company’s stock.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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