Exelon (EXC) Given New $43.00 Price Target at Morgan Stanley

Exelon (NYSE:EXC) had its price objective increased by Morgan Stanley from $42.00 to $43.00 in a report released on Wednesday. Morgan Stanley currently has an equal weight rating on the energy giant’s stock.

A number of other research analysts also recently weighed in on the company. Goldman Sachs Group downgraded Exelon from a neutral rating to a sell rating and set a $35.00 price objective on the stock. in a research note on Wednesday, October 11th. BidaskClub raised Exelon from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Zacks Investment Research raised Exelon from a sell rating to a hold rating in a research report on Friday, October 20th. Royal Bank of Canada reaffirmed a buy rating and issued a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Finally, ValuEngine raised Exelon from a hold rating to a buy rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Exelon has an average rating of Buy and an average target price of $40.53.

Exelon (NYSE:EXC) opened at $40.74 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. Exelon has a one year low of $33.30 and a one year high of $42.67. The firm has a market capitalization of $39,104.38, a P/E ratio of 16.42, a P/E/G ratio of 3.55 and a beta of 0.30.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. research analysts predict that Exelon will post 2.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th were given a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, November 14th. Exelon’s dividend payout ratio is currently 58.74%.

In other news, EVP Kenneth W. Cornew sold 25,000 shares of Exelon stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total transaction of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of Exelon stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total value of $15,192,446.85. Following the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,916,789.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,312,788 shares of company stock worth $52,714,749. Company insiders own 0.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Exelon during the 3rd quarter worth approximately $102,000. Sandy Spring Bank grew its holdings in shares of Exelon by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after purchasing an additional 271 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in shares of Exelon by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares in the last quarter. Live Your Vision LLC grew its holdings in shares of Exelon by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after purchasing an additional 26 shares in the last quarter. Finally, Hudock Capital Group LLC grew its holdings in shares of Exelon by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares in the last quarter. 77.45% of the stock is currently owned by institutional investors.

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About Exelon

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

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