Exelon (EXC) Receives a Buy from J.P. Morgan

In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Exelon (EXCResearch Report), with a price target of $51.00. The company’s shares closed last Thursday at $43.26.

According to, Tonet is a 4-star analyst with an average return of 5.2% and a 54.5% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Dcp Midstream Partners.

Currently, the analyst consensus on Exelon is a Moderate Buy with an average price target of $49.20, implying a 14.0% upside from current levels. In a report issued on July 19, KeyBanc also maintained a Buy rating on the stock with a $45.00 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 $5.33 billion and net profit of $597 million. In comparison, last year the company earned revenue of $4.63 billion and had a GAAP net loss of $289 million.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXC in relation to earlier this year.

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Illinois-based Exelon Corp. is a utility company, which is engaged in power generation, competitive energy sales, transmission and delivery in the United States and Canada. The company operates through five business units including, ComEd, PECO, BGE, PHI, and Generation.

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