Exelon Corporation (NYSE:EXC)‘s stock had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Thursday. They currently have a $41.00 target price on the energy giant’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 6.60% from the stock’s previous close.

Several other research analysts have also issued reports on EXC. J P Morgan Chase & Co upped their target price on shares of Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday. ValuEngine upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Exelon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays PLC reiterated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.23.

Exelon Corporation (NYSE:EXC) traded up 1.25% during midday trading on Thursday, hitting $38.94. The company had a trading volume of 4,233,246 shares. The firm has a market capitalization of $37.39 billion, a P/E ratio of 20.59 and a beta of 0.29. The firm’s 50 day moving average is $37.84 and its 200-day moving average is $36.65. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.95.

Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Exelon Corporation will post $2.69 EPS for the current fiscal year.

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In other news, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the completion of the transaction, the executive vice president now directly owns 237,181 shares of the company’s stock, valued at $9,012,878. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan W. Thayer sold 202,950 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the transaction, the chief financial officer now directly owns 237,181 shares of the company’s stock, valued at $9,012,878. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 486,952 shares of company stock valued at $18,509,309. Insiders own 0.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in EXC. Vident Investment Advisory LLC raised its stake in Exelon Corporation by 9.7% in the first quarter. Vident Investment Advisory LLC now owns 72,643 shares of the energy giant’s stock worth $2,614,000 after buying an additional 6,404 shares in the last quarter. Tredje AP fonden raised its stake in Exelon Corporation by 650,900.0% in the first quarter. Tredje AP fonden now owns 6,510 shares of the energy giant’s stock worth $234,000 after buying an additional 6,509 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Exelon Corporation by 16.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 24,300 shares of the energy giant’s stock worth $874,000 after buying an additional 3,350 shares in the last quarter. Kempen Capital Management N.V. raised its stake in Exelon Corporation by 11.3% in the first quarter. Kempen Capital Management N.V. now owns 660,250 shares of the energy giant’s stock worth $23,755,000 after buying an additional 66,800 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in Exelon Corporation by 25.7% in the first quarter. ClariVest Asset Management LLC now owns 26,835 shares of the energy giant’s stock worth $966,000 after buying an additional 5,479 shares in the last quarter. 76.78% of the stock is owned by institutional investors.

Exelon Corporation Company Profile

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.

Analyst Recommendations for Exelon Corporation (NYSE:EXC)

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