Shares of Exelon Corporation (NASDAQ:EXC – Get Free Report) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $49.81.
A number of research firms recently commented on EXC. Argus dropped their price target on shares of Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley reduced their price objective on shares of Exelon from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, Truist Financial dropped their target price on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th.
Get Our Latest Stock Analysis on EXC
Exelon Stock Performance
Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts predict that Exelon will post 2.86 earnings per share for the current year.
Exelon Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 4th. Exelon’s dividend payout ratio (DPR) is currently 61.54%.
Hedge Funds Weigh In On Exelon
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Exelon during the second quarter valued at approximately $5,583,709,000. GQG Partners LLC purchased a new stake in shares of Exelon in the second quarter valued at approximately $922,917,000. Capital International Investors bought a new position in Exelon in the fourth quarter worth approximately $738,333,000. Norges Bank bought a new position in Exelon in the fourth quarter worth approximately $617,974,000. Finally, Legal & General Group Plc bought a new position in Exelon in the second quarter worth approximately $602,760,000. Institutional investors own 80.92% of the company’s stock.
About Exelon
Exelon Corporation (NASDAQ: EXC) is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.
Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.
The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.
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