28 May, 2017
Wells Fargo & Co cut Exelon from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 5th. Barclays PLC now has a $43.00 price objective on the energy giant's stock, up from their prior price objective of $40.00.
EXC has been the subject of a number of research analyst reports. The stock of Exelon Corporation (NYSE:EXC) has "Buy" rating given on Monday, August 31 by Wells Fargo. Credit Suisse Group AG initiated coverage on Exelon in a research note on Wednesday, January 25th. They now have a United States dollars 39 price target on the stock. Goldman Sachs Group Inc decreased their price objective on shares of Exelon from $38.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, February 10th.
Stock of Exelon Corporation (NYSE:EXC) now have an ABR of 1.67.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. Exelon now has an average rating of "Buy" and a consensus price target of $38.73. It also increased its holding in Baxter Intl Inc (NYSE:BAX) by 313,578 shares in the quarter, for a total of 573,515 shares, and has risen its stake in Headwaters Inc (NYSE:HW). Its 52-week high and low range is $37.70 and $29.82, respectively. 5686724 shares were traded on Exelon Corporation's last session. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.03. The Return on Investment (ROI) ratio of Exelon Corporation (EXC) is 3.8 percent. For the outlook of the current financial quarter, Analysts think the firm will post 0.55 earnings per share. Revenue during the period amounted to $8.05B, while analysts were anticipating $7.49B.
Analysts give EXC a mean recommendation of 2.20. While looking the figure depicted by the Price to Earning we can suggest that the shares of Exelon Corporation (EXC) are overvalued. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and global copyright laws. The correct version of this piece can be accessed at https://www.thestockobserver.com/2017/05/22/exelon-co-exc-shares-sold-by-benjamin-f-edwards-company-inc.html.
The company is scheduled to announce its next quarterly financial results on 08/08/2017 after the market close. Shareholders of record on Monday, May 15th will be issued a $0.3275 dividend. The ex-dividend date of this dividend is Thursday, May 11th. It has a dividend yield of 3.74%. Exelon's payout ratio is now 106.50%. Also, SVP Duane M. Desparte sold 5,000 shares of the stock in a transaction on Tuesday, February 21st. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the sale, the senior vice president now directly owns 9,914 shares in the company, valued at approximately $355,119.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The shares were acquired at an average price of $33.57 per share, with a total value of $100,710.00. Following the completion of the purchase, the director now directly owns 14,374 shares of the company's stock, valued at approximately $482,535.18. The disclosure for this purchase can be found here.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Exelon by 0.9% in the third quarter. The stock appeared $13.98 above its 52-week highs and is up 1.01% for the last five trades. Huntington National Bank increased its position in shares of Exelon by 12.6% in the third quarter. First Command Bank bought a new position in shares of Exelon during the fourth quarter worth $137,000. 7,918,364 shares of the stock traded hands. Finally, DT Investment Partners LLC boosted its stake in Exelon by 4.3% in the third quarter.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 3.4%, and has a solid year to date (YTD) performance of 0.7% which means the stock is constantly adding to its value from the previous fiscal year end price. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant's stock worth $212,000 after buying an additional 37 shares during the period. NBT Bank N A NY now owns 9,352 shares of the energy giant's stock valued at $311,000 after buying an additional 760 shares during the last quarter.
