Exelon (NYSE:EXC) Price Target Lowered to $39.00 at Barclays

Exelon (NYSE:EXC) had its price target decreased by Barclays from $50.00 to $39.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the energy giant’s stock. Barclays‘s price objective would suggest a potential upside of 8.51% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Vertical Research assumed coverage on Exelon in a research note on Monday, February 24th. They set a “hold” rating and a $54.00 target price for the company. Credit Suisse Group raised their target price on Exelon from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Citigroup decreased their target price on Exelon from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Argus decreased their target price on Exelon from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Finally, BMO Capital Markets assumed coverage on Exelon in a research note on Wednesday, February 19th. They set an “outperform” rating and a $56.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Exelon currently has an average rating of “Buy” and a consensus target price of $51.08.

Exelon stock traded up $1.39 during trading hours on Thursday, hitting $35.94. The stock had a trading volume of 438,105 shares, compared to its average volume of 7,334,994. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The stock has a market cap of $30.20 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 4.50 and a beta of 0.26. Exelon has a one year low of $29.28 and a one year high of $51.18. The business’s 50 day simple moving average is $43.57 and its 200-day simple moving average is $45.53.

Exelon (NYSE:EXC) last released its earnings results on Tuesday, February 11th. The energy giant reported $0.83 EPS for the quarter, topping the consensus estimate of $0.73 by $0.10. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. Research analysts anticipate that Exelon will post 3.14 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Exelon in the fourth quarter valued at approximately $373,127,000. Capital International Investors lifted its holdings in shares of 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 purchasing an additional 7,798,866 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Exelon by 115.5% in the fourth quarter. State of Michigan Retirement System now owns 3,735,097 shares of the energy giant’s stock valued at $170,283,000 after purchasing an additional 2,001,500 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Exelon by 583.1% in the third quarter. Millennium Management LLC now owns 1,326,047 shares of the energy giant’s stock valued at $64,061,000 after purchasing an additional 1,600,547 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Exelon by 12.7% in the fourth quarter. Bank of New York Mellon Corp now owns 11,695,740 shares of the energy giant’s stock valued at $533,210,000 after purchasing an additional 1,319,205 shares in the last quarter. 78.99% of the stock is owned by hedge funds and other institutional investors.

About Exelon

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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Analyst Recommendations for Exelon (NYSE:EXC)

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