Exelon (NASDAQ:EXC) Price Target Cut to $45.00 by Analysts at BMO Capital Markets

Exelon (NASDAQ:EXC) had its price objective cut by BMO Capital Markets from $47.00 to $45.00 in a research note issued to investors on Thursday. They currently have a market perform rating on the stock.

Several other brokerages also recently issued reports on EXC. KeyCorp upgraded shares of Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 price target on the stock in a research report on Monday, October 12th. HSBC assumed coverage on shares of Exelon in a research report on Thursday. They issued a “hold” rating and a $44.00 price objective for the company. Truist Financial dropped their target price on shares of Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, October 16th. Morgan Stanley reduced their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Argus decreased their price target on shares of Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.58.

Exelon Price Performance

EXC stock traded down $0.48 during midday trading on Thursday, reaching $44.37. 2,556,125 shares of the company’s stock traded hands, compared to its average volume of 8,282,695. The company has a 50-day simple moving average of $42.86 and a two-hundred day simple moving average of $45.04. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. Exelon has a 1-year low of $39.73 and a 1-year high of $50.65. The company has a market cap of $45.80 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.35 and a beta of 0.30.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%. Exelon’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts anticipate that Exelon will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were given a dividend of $0.42 per share. The ex-dividend date was Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon’s payout ratio is currently 61.54%.

Hedge Funds Weigh In On Exelon

Several large investors have recently bought and sold shares of EXC. Axiom Investment Management LLC acquired a new stake in Exelon during the 1st quarter worth $27,000. Eastern Bank acquired a new position in shares of Exelon in the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC lifted its stake in shares of Exelon by 440.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock valued at $28,000 after purchasing an additional 484 shares during the period. Silvant Capital Management LLC bought a new position in shares of Exelon in the 2nd quarter worth $29,000. Finally, North Point Portfolio Managers Corp OH bought a new position in shares of Exelon in the 3rd quarter worth $29,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Company Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.