Exelon (EXC) Receives a Buy from Wells Fargo

In a report released yesterday, Neil Kalton from Wells Fargo maintained a Buy rating on Exelon (EXC). The company’s shares closed last Tuesday at $42.47.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 8.5% and a 70.4% success rate. Kalton covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Nextera Energy Partners, and Edison International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Exelon with a $45.67 average price target, representing a 6.9% upside. In a report issued on October 19, RBC Capital also maintained a Buy rating on the stock with a $46.00 price target.

See today’s analyst top recommended stocks >>

Based on Exelon’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.32 billion and net profit of $521 million. In comparison, last year the company earned revenue of $7.69 billion and had a net profit of $484 million.

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. 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.

Read More on EXC:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts