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A Look at Exelon’s Price Target, Valuation, and More

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Exelon Corporation

Wall Street analysts’ price target of $49.74 for Exelon (EXC) implies an upside of just 0.2% based on its current market price of $49.62. Morgan Stanley raised Exelon’s target from $49.0 to $50 on March 13.

Of the total 19 analysts covering EXC, four analysts have given the stock “strong buys,” seven have given it “buys,” seven have given it “holds,” and one has given it a “sell.”

Exc anr

The chart above represents how analysts’ views on Exelon stock have changed in the last six months.

Exelon has been among the top utility gainers over the past 12 months. It has risen more than 30% in the period, notably besting its peers. Exelon stock is currently trading close to its nine-year high.

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Valuation

Exelon stock is trading at a forward PE ratio of 15.4x, lower than broader utilities’ (XLU) average of ~18x and its five-year average of ~17x. Exelon reported solid earnings growth in 2018. Dominion Energy (D), Exelon’s peer and the third-largest utility by market cap, is trading at a forward PE of 18x.

Exelon currently offers a dividend yield of 2.9%, lower than the peer average. Dominion yields 4.8% at the moment, one of the highest yields among the top utilities.

Analysts have given Dominion Energy a price target of $75.29 compared to its current market price of $76.64.

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