Exelon Receives a Buy from Jefferies

By Ryan Adsit

Jefferies analyst Anthony Crowdell reiterated a Buy rating on Exelon (NYSE: EXC) today and set a price target of $39.50. The company’s shares closed yesterday at $35.46.

According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 6.5% and a 74.6% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.

Exelon has an analyst consensus of Moderate Buy, with a price target consensus of $38.83.

Based on Exelon’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $8.4 billion and quarterly net profit of $204 million. In comparison, last year the company earned revenue of $7.2 billion and had a net profit of $173 million.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Duane Desparte, the SVP & Controller of EXC sold 5,000 shares for a total of $179,100.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. The company operates through the following segments: ComEd, PECO, BGE, Generation’s Mid Atlantic, Midwest, New England, New York, ERCOT and other regions in Generation. The ComEd segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in northern Illinois, including the city of Chicago. The PEC segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in southeastern Pennsylvania, including the city of Philadelphia, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in the Pennsylvania counties surrounding the city of Philadelphia. The BG segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in central Maryland, including the city of Baltimore, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in central Maryland, including the city of Baltimore. The Generation business consists of the generation, physical delivery and marketing of power across multiple geographical regions through its customer-facing business, Constellation, which sells electricity and natural gas to both wholesale and retail customers. Exelon was founded in February 1999 and is headquartered in Chicago, IL.