Exelon (EXC) Receives 'Hold' Rating Upgrade from StockNews.com Amid Industry Assessments

Exelon Corporation EXC, a prominent energy company, has received a rating upgrade by analysts at StockNews.com, shifting from 'sell' to 'hold' status. This update reflects a significant change in stock market perception for the Chicago-based utility services giant, and was disseminated to clients and investors this past Saturday.

Analyst Sentiments on Exelon

Alongside the update from StockNews.com, Exelon has been the subject of various evaluations from different research firms. A notable adjustment came from Morgan Stanley, which reduced their price objective for Exelon from $45.00 down to $42.00, yet maintained an 'overweight' rating. Guggenheim also adjusted their price target, which dropped from $45.00 to $41.00. Barclays took similar action, lowering their price estimate from $43.00 to $41.00 with an 'overweight' assessment.

Despite these price target adjustments, Exelon maintains robust ratings from several analysts. Royal Bank of Canada notably reduced their target price from $47.00 to $45.00, granting the company a 'sector perform' rating. In total, Exelon has one 'sell' rating, two 'hold' ratings, and five 'buy' ratings, with MarketBeat.com indicating a 'Moderate Buy' consensus and an average target price of $43.40 for the company.

Exelon's Market Performance

The recent announcement saw the company's shares trading at an opening price of $39.43. Exelon exhibits a quick ratio of 0.77 and a current ratio of 0.85, alongside a debt-to-equity ratio at 1.56. It maintains a fifty-day moving average price of $39.56 and a two-hundred day moving average price of $40.26. With a market capitalization standing at $39.25 billion, a P/E ratio of 18.43, a PEG ratio of 2.67, and a beta of 0.57, Exelon has a one-year low of $35.71 and has reached a one-year high of $44.37.

Institutional Engagements with Exelon

Exelon's shareholder base includes numerous hedge funds and institutional investors. Banco Bilbao Vizcaya Argentaria S.A. BBVA, a Spanish banking group, increased its position in Exelon stock by 2.0% during the second quarter, now owning 34,193 shares valued at approximately $1,393,000. SEI Investments Co. SEIC, an asset management firm based in Pennsylvania, significantly enhanced its Exelon stake by 117.0%, owning 570,911 shares worth around $23,915,000.

Other notable institutional activity includes DekaBank Deutsche Girozentrale, RWC Asset Management LLP, and Wealthfront Advisers LLC, all of which have bolstered their investments in the energy firm. Currently, institutional investors own about 81.38% of Exelon's stock.

About Exelon and its Affiliates

Exelon Corporation operates in the energy distribution and transmission domain within the United States and Canada. The company's operations span the purchase and regulated retail sale of electricity, the distribution of natural gas, alongside the transmission and distribution of electricity to retail consumers.

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