Jefferies Upgrades Exelon Corp. Rating to Buy After Insider Activity and Sets Price Target for Stock

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It is currently the largest electric utility holding company by both revenue and customer base in the United States. With its headquarters located in Chicago, Illinois, Exelon ($NASDAQ:EXC) serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington, D.C. On September 20, 2024, Jefferies released a research note upgrading their rating for Exelon Corp. EXC from Hold to Buy. This change was prompted by recent insider activity within the company, which Jefferies believes has the potential to benefit Exelon in the long run. As a result, they have set a positive price target for the stock, which is excellent news for investors looking to invest in Exelon. The upgrade in rating and accompanying price target reflect the confidence that Jefferies has in Exelon’s future performance. The insider activity could potentially lead to increased efficiency and profitability for the company, which can have a positive impact on its stock value. This move also indicates that Jefferies sees potential growth opportunities for Exelon in the near future.

Exelon’s strong presence in the energy market, coupled with its commitment to clean energy initiatives, makes it an attractive investment option for many investors. This aligns with the global trend of transitioning towards clean energy sources, making Exelon a promising player in the energy industry. In addition to its focus on sustainability, Exelon’s financial performance has also been impressive. With the recent upgrade in rating and positive price target from Jefferies, Exelon’s stock is expected to have a positive outlook in the coming months. In conclusion, Jefferies’ upgrade of Exelon Corp.’s rating to Buy and the accompanying price target is a vote of confidence in the company’s future growth potential. With its strong presence in the energy market, commitment to clean energy initiatives, and solid financial performance, Exelon remains a promising investment option for investors.

Stock Price

On Thursday, financial services company Jefferies announced that they had upgraded their rating for EXELON CORPORATION from Hold to Buy. This slight decline in stock value may have been influenced by the news of the rating upgrade and price target set by Jefferies. Insider activity refers to trades made by individuals within the company, such as executives or board members. These trades can provide valuable insight into the company’s performance and future prospects. In this case, it seems that the insider activity within EXELON CORPORATION may have caught the attention of Jefferies and led to their decision to upgrade the stock rating.

Jefferies also announced a price target for EXELON’s stock, meaning they have set a projected value for the stock based on their analysis and research. This price target serves as a guide for investors and can influence their decisions to buy or sell the stock. This could potentially attract more investors to EXELON and help boost its stock value in the long run. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Exelon Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Exelon Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Exelon Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Exelon Corporation are shown below. More…

Analysis

As a team at GoodWhale, we recently conducted a comprehensive analysis of EXELON CORPORATION‘s wellbeing. Our findings are based on the company’s Star Chart, which classifies EXELON CORPORATION as a ‘rhino’ type of company. This means that the company has achieved moderate revenue or earnings growth. This classification may be of interest to certain types of investors. Our analysis also took into consideration EXELON CORPORATION’s overall health score, which we have determined to be an intermediate 4/10. One of the factors contributing to this score is the company’s cashflows and debt, which we have found to be in a stable position. This suggests that EXELON CORPORATION may be able to safely ride out any crisis without the risk of bankruptcy. In terms of specific areas of strength and weakness, our analysis has shown that EXELON CORPORATION is strong in terms of dividend payouts, indicating that it may be a good choice for investors seeking regular income. However, the company’s profitability falls in the medium range and its asset growth is relatively weak. This may be a factor for investors to consider when making investment decisions. Overall, our analysis of EXELON CORPORATION’s wellbeing has provided valuable insights for potential investors. The company’s classification as a ‘rhino’ and its intermediate health score suggest that it may be a suitable investment for those seeking moderate growth with a lower level of risk. Additionally, its strong dividend payouts may make it appealing to income-seeking investors. However, it is important for investors to consider all aspects of a company’s performance before making any investment decisions. More…

Peers

In the United States, the electric power industry is organized into regional transmission organizations (RTOs) and independent system operators (ISOs) that operate wholesale electricity markets. Exelon Corp, New Jersey Resources Corp, Public Service Enterprise Group Inc, and Consolidated Edison Inc are all major players in the electric power industry. These companies compete against each other to provide electricity to consumers in their respective service areas.

– New Jersey Resources Corp ($NYSE:NJR)

New Jersey Resources Corp is a publicly traded energy services holding company with subsidiaries that provide natural gas and electricity to residential, commercial, and industrial customers in New Jersey and Pennsylvania. The company also owns and operates a regulated interstate natural gas pipeline and a regulated interstate natural gas storage system. As of December 31, 2020, the company had 2,841 employees.

– Public Service Enterprise Group Inc ($NYSE:PEG)

Public Service Enterprise Group Inc (PSEG) is a publicly traded diversified energy company with a market cap of $27.57 billion as of 2022. The company is engaged in the generation, transmission, and distribution of electricity and natural gas. It also provides energy-related products and services through its subsidiaries. PSEG’s return on equity (ROE) was -5.39% as of 2022.

PSEG was founded in 1903 and is headquartered in Newark, New Jersey. The company operates in the United States and has approximately 10,000 employees. PSEG’s primary business segments include Electric Operations, Gas Operations, and Energy Resources & Trade.

Public Service Enterprise Group Inc is a large, diversified energy company with a long history. The company has a market cap of $27.57 billion and an ROE of -5.39%. PSEG operates in the electricity generation, transmission, and distribution business as well as the natural gas business. The company also provides energy-related products and services through its subsidiaries.

– Consolidated Edison Inc ($NYSE:ED)

Consolidated Edison Inc is a holding company that engages in the business of providing energy services through its subsidiaries. The company operates in four segments: electric, gas, steam, and other. It has a market cap of $29.44B as of 2022 and a return on equity of 8.28%.

The company was founded in 1884 and is headquartered in New York, NY.

Summary

Jefferies recently initiated a Buy rating on Exelon Corp. EXC based on recent insider activity. This could potentially benefit the company and its stock. In a research note published on September 20, 2024, Jefferies set a price target for EXC.

While the specifics of the company’s background are not elaborated on, it can be inferred that Jefferies sees potential for growth and profitability in EXC based on the insider activity. This analysis could be valuable to investors considering purchasing EXC stock, as it suggests a positive outlook for the company’s future performance.