Exelon Corporation (NASDAQ:EXC) Receives Average Rating of “Hold” from Brokerages

Shares of Exelon Corporation (NASDAQ:EXC) have earned an average rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.20.

EXC has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp lowered their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st.

Hedge Funds Weigh In On Exelon

Several large investors have recently modified their holdings of EXC. Norges Bank bought a new position in shares of Exelon during the 2nd quarter valued at approximately $589,122,000. Nuveen LLC purchased a new position in Exelon during the 1st quarter valued at $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock valued at $483,525,000 after acquiring an additional 3,878,687 shares during the period. ATLAS Infrastructure Partners UK Ltd. boosted its holdings in Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after acquiring an additional 3,815,722 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Exelon by 164.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after acquiring an additional 3,476,942 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $43.50 on Friday. Exelon has a one year low of $35.94 and a one year high of $48.11. The stock has a 50-day moving average of $44.00 and a 200 day moving average of $44.21. The company has a market capitalization of $43.93 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.54 and a beta of 0.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period last year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts forecast that Exelon will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon’s payout ratio is currently 60.84%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.