Exelon (EXC) Receives Neutral Upgrade from Analysts at StockNews.com

On a notable Saturday for investors, Exelon Corporation EXC, a prominent player in the American energy sector, witnessed a shift in perception from equity analysts at StockNews.com. Previously classified with a "sell" rating, the company's standing improved as these analysts revised their recommendation to a "hold." The revision signals a change in outlook, prompting clients and investors to reconsider their stance on Exelon's market position.

An Array of Analyst Views

Different analysts have delivered varying reports on EXC before the recent upgrade. Notably, Morgan Stanley adjusted their price target on Exelon from $45.00 down to $42.00, still maintaining an "overweight" rating. Meanwhile, Guggenheim had also recalibrated their price objective from $45.00 to $41.00. Barclays echoed this bearish trend, lowering their target price from $43.00 to $41.00, though keeping an "overweight" rating for the company. In contrast, Royal Bank of Canada cut their price target to $45.00 from $47.00 but gave Exelon a "sector perform" rating. Across different analysts, Exelon currently holds an aggregate rating of "Moderate Buy" with an average price target of $43.40.

Current Market Performance of Exelon

At the open of the market on Friday preceding the announcement, shares of EXC stood at $39.43. Exelon's financial health appears robust with a quick ratio of 0.77, a current ratio of 0.85, and a debt-to-equity ratio standing at 1.56. The company's stock also bears a P/E ratio of 18.43, a PEG ratio of 2.67, and a beta of 0.57. Over the last 52 weeks, the stock has fluctuated between a low of $35.71 and a high of $44.37. Important to note, the stock's fifty-day moving average hovers at $39.56, closely trailed by the two-hundred-day moving average at $40.26, revealing a consistent performance in the market landscape.

The Role of Institutional Investors

Several hedge funds and institutional investors have shown dynamic participation in trading EXC shares. One such example is Banco Bilbao Vizcaya Argentaria S.A. BBVA, which increased its position by 2.0% during the second quarter, now owning 34,193 shares with a valuation of approximately $1,393,000. SEI Investments Co. SEIC significantly bolstered its stake, boasting a 117.0% surge in the first quarter, holding about 570,911 shares valued at $23,915,000 after the acquisition of 307,798 additional shares. Other notable institutions like DekaBank Deutsche Girozentrale, RWC Asset Management LLP, and Wealthfront Advisers LLC have also expanded their investments in Exelon, reflecting a keen interest and confidence among institutional stakeholders. Institutional ownership constitutes approximately 81.38% of Exelon's total stock, demonstrating a strong institutional belief in the firm's prospects.

About Exelon Corporation

Headquartered in Chicago, Illinois, and incorporated in Pennsylvania, Exelon Corporation EXC is a Fortune 100 company that is deeply engaged in the energy distribution and transmission business within the United States and Canada. The corporation’s operations encompass the regulated retail selling of electricity and natural gas, further extending to the transmission and distribution of electricity, as well as the delivery of natural gas to a diverse customer base.

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