Exelon (NASDAQ:EXC) Coverage Initiated at TD Cowen

Equities research analysts at TD Cowen assumed coverage on shares of Exelon (NASDAQ:EXC) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $49.00 price target on the stock. TD Cowen’s target price would indicate a potential upside of 2.55% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Evercore ISI began coverage on shares of Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. Morgan Stanley dropped their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. KeyCorp lifted their price target on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday. Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Six equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.00.

Exelon Price Performance

EXC stock opened at $47.78 on Thursday. Exelon has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a fifty day simple moving average of $44.63 and a two-hundred day simple moving average of $44.41. The firm has a market capitalization of $48.26 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 2.94 and a beta of 0.40.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the business earned $0.47 earnings per share. Exelon’s quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts anticipate that Exelon will post 2.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC increased its stake in Exelon by 1.1% in the 3rd quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock worth $923,000 after buying an additional 215 shares during the period. Providence Wealth Advisors LLC increased its position in Exelon by 0.6% during the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock valued at $1,802,000 after purchasing an additional 217 shares during the period. Hazlett Burt & Watson Inc. increased its position in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares during the period. Manchester Capital Management LLC increased its position in Exelon by 11.6% during the 2nd quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after purchasing an additional 225 shares during the period. Finally, CWM LLC increased its position in Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company’s stock valued at $1,556,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Company Profile

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.