Morgan Stanley Cuts Exelon (NASDAQ:EXC) Price Target to $49.00

Exelon (NASDAQ:EXC) had its price objective lowered by Morgan Stanley from $50.00 to $49.00 in a research report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

EXC has been the topic of several other research reports. UBS Group reaffirmed a “neutral” rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus target price of $47.44.

Exelon Stock Performance

NASDAQ:EXC opened at $44.09 on Thursday. Exelon has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a 50-day moving average of $44.08 and a 200-day moving average of $44.21. The firm has a market cap of $44.53 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period last year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts forecast that Exelon will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s payout ratio is currently 60.84%.

Institutional Trading of Exelon

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its stake in shares of Exelon by 12.3% in the 4th quarter. Two Sigma Advisers LP now owns 34,600 shares of the company’s stock valued at $1,302,000 after acquiring an additional 3,800 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Exelon in the 4th quarter valued at $25,000. B. Riley Wealth Advisors Inc. raised its stake in Exelon by 2.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,879 shares of the company’s stock valued at $824,000 after acquiring an additional 561 shares during the period. Jefferies Financial Group Inc. bought a new stake in Exelon in the 4th quarter valued at $212,000. Finally, Mattson Financial Services LLC bought a new position in Exelon during the 4th quarter worth $52,000. 80.92% of the stock is owned by institutional investors.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.