Exelon (NASDAQ:EXC) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of Exelon (NASDAQ:EXC) in a research report released on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $58.00 price target on the stock.

A number of other brokerages also recently commented on EXC. Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Barclays reduced their price objective on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada started coverage on shares of Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Exelon has a consensus rating of “Hold” and an average price target of $51.40.

Exelon Stock Down 0.2%

Shares of NASDAQ EXC opened at $48.32 on Thursday. Exelon has a 12-month low of $41.71 and a 12-month high of $50.65. The stock’s fifty day simple moving average is $47.06 and its two-hundred day simple moving average is $45.76. The stock has a market capitalization of $49.44 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.81 and a beta of 0.45. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66.

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

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is 61.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Exelon by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock valued at $5,715,457,000 after buying an additional 595,555 shares during the last quarter. State Street Corp raised its stake in Exelon by 4.0% in the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after acquiring an additional 2,550,786 shares during the last quarter. Lazard Asset Management LLC raised its stake in Exelon by 3.0% in the 4th quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock worth $1,008,239,000 after acquiring an additional 683,950 shares during the last quarter. Deutsche Bank AG lifted its position in Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after acquiring an additional 595,655 shares during the period. Finally, Wellington Management Group LLP lifted its position in Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after acquiring an additional 393,917 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Company Profile

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.