Exelon (NYSE:EXC) Research Coverage Started at Seaport Global Securities
Seaport Global Securities started coverage on shares of Exelon (NYSE:EXC) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm issued a buy rating and a $40.00 target price on the energy giant’s stock.
Other analysts have also issued reports about the stock. UBS Group decreased their price target on shares of Exelon from $51.00 to $48.00 and set a buy rating on the stock in a research report on Monday, May 11th. BMO Capital Markets decreased their price target on shares of Exelon from $49.00 to $48.00 and set an outperform rating on the stock in a research report on Monday, May 11th. Wells Fargo & Co decreased their price target on shares of Exelon from $59.00 to $49.00 and set an overweight rating on the stock in a research report on Monday, May 11th. Mizuho raised their price target on shares of Exelon from $35.00 to $37.00 and gave the stock a neutral rating in a research report on Monday, April 20th. Finally, Credit Suisse Group raised their price target on shares of Exelon from $50.00 to $52.00 and gave the stock an outperform rating in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $47.00.
EXC traded up $0.41 during trading on Wednesday, hitting $36.85. The stock had a trading volume of 3,299,752 shares, compared to its average volume of 6,828,941. The firm has a market cap of $35.51 billion, a PE ratio of 11.81, a P/E/G ratio of 4.50 and a beta of 0.26. Exelon has a 12 month low of $29.28 and a 12 month high of $51.18. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. The company has a 50 day simple moving average of $36.64 and a 200-day simple moving average of $42.54.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.3825 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.53 dividend on an annualized basis and a yield of 4.15%. Exelon’s dividend payout ratio (DPR) is presently 49.04%.
A number of large investors have recently added to or reduced their stakes in EXC. Wellington Management Group LLP boosted its position in Exelon by 35.0% in the first quarter. Wellington Management Group LLP now owns 66,898,005 shares of the energy giant’s stock valued at $2,462,516,000 after buying an additional 17,354,482 shares in the last quarter. Norges Bank acquired a new position in Exelon in the fourth quarter valued at about $373,127,000. Capital International Investors boosted its position in Exelon by 43.7% in the fourth quarter. Capital International Investors now owns 25,629,964 shares of the energy giant’s stock valued at $1,168,470,000 after buying an additional 7,798,866 shares in the last quarter. Invesco Ltd. boosted its position in Exelon by 28.6% in the first quarter. Invesco Ltd. now owns 27,350,884 shares of the energy giant’s stock valued at $1,006,786,000 after buying an additional 6,084,882 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of Exelon by 48.9% in the first quarter. Pictet Asset Management Ltd. now owns 11,791,265 shares of the energy giant’s stock worth $434,036,000 after acquiring an additional 3,872,533 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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