Exelon (NYSE:EXC) had its target price reduced by research analysts at KeyCorp from $45.00 to $40.00 in a note issued to investors on Friday. The firm presently has an “overweight” rating on the energy giant’s stock. KeyCorp’s target price would suggest a potential upside of 8.52% from the company’s current price. KeyCorp also issued estimates for Exelon’s Q1 2018 earnings at $0.95 EPS, FY2018 earnings at $3.05 EPS and FY2019 earnings at $3.00 EPS.

Several other equities research analysts have also recently commented on EXC. Mizuho raised shares of Exelon from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $36.00 to $40.00 in a research report on Tuesday, January 23rd. Bank of America began coverage on shares of Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Exelon in a research report on Thursday, October 12th. JPMorgan Chase & Co. boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.03.

Exelon (NYSE:EXC) opened at $36.86 on Friday. Exelon has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The stock has a market cap of $35,388.84, a price-to-earnings ratio of 14.23, a PEG ratio of 2.61 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.89.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.05). Exelon had a net margin of 11.53% and a return on equity of 8.35%. The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same period last year, the firm earned $0.44 EPS. Exelon’s quarterly revenue was up 6.4% on a year-over-year basis. sell-side analysts expect that Exelon will post 3.06 earnings per share for the current fiscal year.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.62, for a total transaction of $541,627.08. Following the sale, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Scotia Capital Inc. raised its holdings in shares of Exelon by 8.6% in the 2nd quarter. Scotia Capital Inc. now owns 8,868 shares of the energy giant’s stock valued at $320,000 after purchasing an additional 699 shares during the period. Advisory Services Network LLC raised its holdings in shares of Exelon by 24.3% in the 2nd quarter. Advisory Services Network LLC now owns 4,647 shares of the energy giant’s stock valued at $168,000 after purchasing an additional 908 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Exelon by 4.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 27,526 shares of the energy giant’s stock valued at $1,037,000 after purchasing an additional 1,250 shares during the period. Segall Bryant & Hamill LLC raised its holdings in shares of Exelon by 20.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock valued at $282,000 after purchasing an additional 1,273 shares during the period. Finally, ARGI Investment Services LLC raised its holdings in shares of Exelon by 2.9% in the 3rd quarter. ARGI Investment Services LLC now owns 47,458 shares of the energy giant’s stock valued at $1,788,000 after purchasing an additional 1,343 shares during the period. 77.71% 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.

Analyst Recommendations for Exelon (NYSE:EXC)

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