RBC Capital analyst Shelby Tucker maintained a Buy rating on Exelon (EXC) on May 15 and set a price target of $44.00. The company’s shares closed last Friday at $35.29.
According to TipRanks.com, Tucker is a 4-star analyst with an average return of 3.6% and a 59.4% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Exelon with a $45.67 average price target, implying a 28.3% upside from current levels. In a report issued on April 30, Morgan Stanley also maintained a Buy rating on the stock with a $57.00 price target.
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Based on Exelon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.75 billion and net profit of $582 million. In comparison, last year the company earned revenue of $9.48 billion and had a net profit of $907 million.
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Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina. The Midwest segment operates in the western half of PJM, which includes portions of Illinois, Pennsylvania, Indiana, Ohio, Michigan, Kentucky and Tennessee, and the United States footprint of MISO, excluding MISO’s Southern Region, which covers all or most of North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, the remaining parts of Illinois, Indiana, Michigan and Ohio not covered by PJM, and parts of Montana, Missouri and Kentucky. The New York (NY) segment provides operations within ISO-NY, which covers the state of New York in its entirety. The ERCOT segment includes operations within Electric Reliability Council of Texas, covering most of the state of Texas. The Other Power Regions consists of the operations in New England, South, West, and Canada. The company was founded in February 1999 and is headquartered in Chicago, IL.