Scotiabank Brokers Increase Earnings Estimates for Exelon

Exelon Corporation (NASDAQ:EXC) – Scotiabank boosted their FY2026 EPS estimates for shares of Exelon in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst A. Weisel now anticipates that the company will post earnings per share of $2.89 for the year, up from their previous estimate of $2.85. Scotiabank currently has a “Sector Perform” rating and a $44.00 target price on the stock. The consensus estimate for Exelon’s current full-year earnings is $2.86 per share.

Exelon (NASDAQ:EXC) last announced its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $6.76 billion. Exelon had a net margin of 10.17% and a return on equity of 9.75%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share.

A number of other research firms have also recently issued reports on EXC. Truist Financial cut their price objective on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a report on Friday, October 16th. Argus decreased their price objective on Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. JPMorgan Chase & Co. decreased their price objective on Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. The Goldman Sachs Group dropped their target price on Exelon from $45.00 to $44.00 in a research report on Thursday, October 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.33.

Exelon Trading Up 1.6%

NASDAQ EXC opened at $46.24 on Thursday. The stock’s 50-day simple moving average is $42.97 and its two-hundred day simple moving average is $45.61. Exelon has a twelve month low of $39.73 and a twelve month high of $50.65. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $47.85 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.49 and a beta of 0.24.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, December 4th. Exelon’s dividend payout ratio is presently 65.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EXC. BlackRock Inc. purchased a new stake in Exelon during the 2nd quarter valued at about $5,583,709,000. GQG Partners LLC purchased a new position in Exelon in the 2nd quarter worth approximately $922,917,000. Legal & General Group Plc purchased a new position in Exelon in the 2nd quarter worth approximately $602,760,000. Bank of New York Mellon Corp bought a new stake in Exelon in the second quarter valued at approximately $580,842,000. Finally, Deutsche Bank AG bought a new stake in Exelon in the second quarter valued at approximately $567,510,000. 80.92% of the stock is owned by institutional investors.

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.