Exelon (NASDAQ:EXC) Price Target Raised to $53.00 at JPMorgan Chase & Co.

Exelon (NASDAQ:EXC) had its price objective upped by JPMorgan Chase & Co. from $48.00 to $53.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Wolfe Research lowered Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Jefferies Financial Group cut their price target on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Royal Bank Of Canada initiated coverage on shares of Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price objective for the company. Scotiabank increased their price objective on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company lifted their target price on shares of Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $50.93.

Exelon Price Performance

Shares of Exelon stock opened at $49.48 on Thursday. The firm has a market cap of $50.61 billion, a PE ratio of 18.12, a P/E/G ratio of 2.84 and a beta of 0.45. Exelon has a twelve month low of $41.71 and a twelve month high of $49.88. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average price of $46.00 and a 200 day moving average price of $45.38.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts predict that Exelon will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, March 2nd. This is a boost from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Institutional Trading of Exelon

Several hedge funds have recently made changes to their positions in EXC. Allianz Asset Management GmbH increased its position in shares of Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after purchasing an additional 2,841,118 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. lifted its position in Exelon by 3.6% in the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock valued at $260,685,000 after buying an additional 208,242 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Exelon by 3.0% during the third quarter. Maryland State Retirement & Pension System now owns 987,350 shares of the company’s stock worth $44,441,000 after buying an additional 28,443 shares during the period. First Citizens Bank & Trust Co. purchased a new position in Exelon during the third quarter worth about $10,875,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Exelon by 92.9% during the third quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock valued at $2,418,000 after acquiring an additional 25,863 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.