Exelon (NASDAQ:EXC – Free Report) had its price objective trimmed by Morgan Stanley from $55.00 to $53.00 in a report released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.
A number of other brokerages also recently weighed in on EXC. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp dropped their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. TD Cowen cut their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Finally, Truist Financial reduced their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.07.
View Our Latest Report on Exelon
Exelon Price Performance
Exelon (NASDAQ:EXC – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts forecast that Exelon will post 2.86 EPS for the current year.
Exelon Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.
Institutional Investors Weigh In On Exelon
Several large investors have recently bought and sold shares of the company. ASR Vermogensbeheer N.V. lifted its holdings in Exelon by 28.4% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after acquiring an additional 60,250 shares during the period. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Exelon by 26.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Exelon by 133.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after purchasing an additional 289,436 shares in the last quarter. Ethic Inc. lifted its stake in shares of Exelon by 7.6% in the fourth quarter. Ethic Inc. now owns 334,268 shares of the company’s stock valued at $14,571,000 after purchasing an additional 23,567 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Exelon in the fourth quarter valued at about $2,021,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
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