Exelon Co. to Post Q1 2021 Earnings of $0.81 Per Share, KeyCorp Forecasts (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXC) – KeyCorp issued their Q1 2021 earnings per share estimates for shares of Exelon in a report released on Tuesday, January 12th. KeyCorp analyst S. Karp forecasts that the company will earn $0.81 per share for the quarter. KeyCorp also issued estimates for Exelon’s Q3 2021 earnings at $0.90 EPS, Q4 2021 earnings at $0.54 EPS and FY2023 earnings at $2.95 EPS.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.17. The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.62 billion. Exelon had a net margin of 7.15% and a return on equity of 9.24%.

EXC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research report on Tuesday, October 6th. Morgan Stanley decreased their target price on shares of Exelon from $59.00 to $56.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 15th. Credit Suisse Group boosted their target price on shares of Exelon from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. BidaskClub raised Exelon from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, Argus lifted their price target on Exelon from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Exelon presently has an average rating of “Buy” and a consensus price target of $45.29.

EXC stock opened at $42.80 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02. Exelon has a twelve month low of $29.28 and a twelve month high of $50.54. The company’s 50 day moving average is $42.06 and its two-hundred day moving average is $41.41. The stock has a market cap of $41.75 billion, a P/E ratio of 17.61, a PEG ratio of 4.22 and a beta of 0.41.

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Exelon by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 390,936 shares of the company’s stock valued at $14,187,000 after acquiring an additional 1,371 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Exelon in the 2nd quarter valued at about $780,000. Sei Investments Co. increased its stake in shares of Exelon by 7.9% in the 2nd quarter. Sei Investments Co. now owns 368,253 shares of the company’s stock valued at $13,397,000 after acquiring an additional 26,874 shares during the last quarter. Engineers Gate Manager LP increased its stake in shares of Exelon by 4.9% in the 2nd quarter. Engineers Gate Manager LP now owns 35,441 shares of the company’s stock valued at $1,286,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in Exelon by 35.9% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 4,520 shares of the company’s stock worth $164,000 after purchasing an additional 1,195 shares in the last quarter. 65.06% of the stock is currently owned by institutional investors and hedge funds.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the generation and marketing of energy in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Read More: Stochastic Momentum Index (SMI)