Exelon (NASDAQ:EXC) Price Target Cut to $37.00

Exelon (NASDAQ:EXC) had its price target dropped by research analysts at Scotiabank from $39.00 to $37.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential downside of 1.49% from the stock’s previous close.

EXC has been the topic of a number of other research reports. Wells Fargo & Company dropped their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. TheStreet lowered shares of Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Barclays lifted their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Seaport Res Ptn lowered shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.92.

Exelon Price Performance

EXC opened at $37.56 on Monday. Exelon has a 1 year low of $33.35 and a 1 year high of $43.71. The company’s 50 day simple moving average is $36.56 and its 200 day simple moving average is $37.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market capitalization of $37.54 billion, a PE ratio of 16.12, a P/E/G ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm posted $0.43 earnings per share. Exelon’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Exelon will post 2.41 EPS for the current year.

Institutional Investors Weigh In On Exelon

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Addison Advisors LLC raised its stake in shares of Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares in the last quarter. MCF Advisors LLC raised its position in Exelon by 10.5% in the third quarter. MCF Advisors LLC now owns 2,936 shares of the company’s stock worth $111,000 after acquiring an additional 278 shares in the last quarter. Moors & Cabot Inc. raised its position in Exelon by 4.5% in the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after acquiring an additional 303 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Exelon by 4.6% in the third quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock worth $268,000 after acquiring an additional 309 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in Exelon by 2.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after acquiring an additional 310 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.