Exelon (NASDAQ:EXC) Price Target Raised to $50.00

Exelon (NASDAQ:EXC) had its price target raised by Truist Financial from $49.00 to $50.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. KeyCorp reduced their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Mizuho set a $48.00 target price on Exelon and gave the stock a “neutral” rating in a research report on Friday, April 17th. Citigroup assumed coverage on Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Wells Fargo & Company set a $50.00 price target on Exelon in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.33.

Exelon Trading Down 1.1%

Shares of EXC opened at $46.26 on Thursday. The stock has a market capitalization of $47.33 billion, a P/E ratio of 16.95, a PEG ratio of 2.68 and a beta of 0.31. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The firm has a fifty day simple moving average of $45.92 and a two-hundred day simple moving average of $46.37. Exelon has a twelve month low of $42.58 and a twelve month high of $50.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts anticipate that Exelon will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.6%. Exelon’s payout ratio is 61.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Optima Capital LLC bought a new position in Exelon in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new stake in Exelon during the 4th quarter valued at $25,000. Beacon Financial Strategies CORP bought a new stake in shares of Exelon in the 4th quarter worth $26,000. Leonteq Securities AG bought a new stake in shares of Exelon in the 4th quarter worth $26,000. Finally, Bell Investment Advisors Inc raised its stake in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Institutional investors 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.