Exelon (NASDAQ:EXC) Stock Rating Upgraded by Guggenheim

Exelon (NASDAQ:EXC) was upgraded by equities researchers at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Thursday,Finviz reports.

EXC has been the topic of a number of other reports. Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $44.00 in a research report on Tuesday. Barclays reduced their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Trading Down 3.0 %

NASDAQ:EXC opened at $39.22 on Thursday. The company has a fifty day moving average of $38.09 and a 200 day moving average of $38.32. Exelon has a 52 week low of $33.35 and a 52 week high of $41.19. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $39.41 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.69 and a beta of 0.55.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the business posted $0.67 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts predict that Exelon will post 2.46 earnings per share for the current year.

Hedge Funds Weigh In On Exelon

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smith Group Asset Management LLC bought a new position in Exelon during the 4th quarter valued at about $414,000. Robeco Institutional Asset Management B.V. lifted its stake in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after acquiring an additional 279,827 shares during the period. R Squared Ltd bought a new position in Exelon during the 4th quarter valued at about $151,000. Perigon Wealth Management LLC lifted its stake in Exelon by 42.7% during the 4th quarter. Perigon Wealth Management LLC now owns 14,782 shares of the company’s stock valued at $582,000 after acquiring an additional 4,423 shares during the period. Finally, Greenup Street Wealth Management LLC bought a new position in shares of Exelon in the 4th quarter worth approximately $2,274,000. Institutional investors 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.