NEW YORK (TheStreet) -- Shares of Exelon Corp.  (EXC) - Get Report are up 1.41% to $33.08 in afternoon trading Thursday, following an upgrade to "overweight" from "neutral" by analysts at JPMorgan Chase earlier today.

The firm also upped its price target to $38 from $36 on shares of the utility company this morning, citing valuation.

Yesterday, Exelon and Pepco (POM) agreed to boost the value of a fund to benefit customers in Maryland. Exelon is seeking approval from the state's regulators for its planned $6.8 billion acquisition of Pepco.

Under the new plan, Exelon raised the customer investment fund to $94.4 million from $40 million.The revised plan also includes a higher commitment to reduce the length and frequency of power outages in Maryland.

Chicago, IL-based Exelon is an electric utility company engaged in the energy generation business through its subsidiaries.

Separately, TheStreet Ratings team rates EXELON CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXELON CORP (EXC) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• EXC's revenue growth has slightly outpaced the industry average of 9.4%. Since the same quarter one year prior, revenues rose by 17.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
• Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
• The gross profit margin for EXELON CORP is rather low; currently it is at 20.36%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 0.26% trails that of the industry average.
• Net operating cash flow has significantly decreased to $814.00 million or 58.23% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
• You can view the full analysis from the report here: EXC Ratings Report