JPMorgan Chase & Co. Has Lowered Expectations for Exelon (NASDAQ:EXC) Stock Price

Exelon (NASDAQ:EXC) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $50.00 to $47.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.87% from the stock’s current price.

EXC has been the subject of a number of other research reports. UBS Group boosted their target price on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. BTIG Research started coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Evercore ISI began coverage on Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.92.

Exelon Stock Performance

Shares of Exelon stock opened at $43.57 on Friday. The business has a 50-day simple moving average of $46.14 and a 200-day simple moving average of $44.56. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon has a one year low of $35.94 and a one year high of $48.51. The company has a market cap of $44.02 billion, a PE ratio of 15.62, a P/E/G ratio of 2.68 and a beta of 0.45.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts forecast that Exelon will post 2.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Exelon

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its position in shares of Exelon by 1.1% during the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock worth $923,000 after acquiring an additional 215 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Exelon by 11.6% during the 2nd quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock worth $94,000 after purchasing an additional 225 shares during the period. Empirical Finance LLC grew its position in Exelon by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after purchasing an additional 226 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its stake in Exelon by 4.8% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock valued at $218,000 after purchasing an additional 229 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of Exelon by 0.6% in the first quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock valued at $1,836,000 after buying an additional 234 shares during the last quarter. 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.