Exelon (NASDAQ:EXC) Announces Earnings Results, Misses Estimates By $0.01 EPS

Exelon (NASDAQ:EXCGet Rating) released its earnings results on Monday. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01), MarketWatch Earnings reports. Exelon had a return on equity of 8.03% and a net margin of 4.69%. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Exelon updated its FY 2022 guidance to $2.18-$2.32 EPS.

Shares of NASDAQ EXC traded down $0.53 during midday trading on Monday, hitting $46.53. The company’s stock had a trading volume of 245,527 shares, compared to its average volume of 9,959,075. Exelon has a 1-year low of $30.57 and a 1-year high of $50.71. The firm’s fifty day moving average price is $46.37 and its 200-day moving average price is $50.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.87. The firm has a market cap of $45.61 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.34 and a beta of 0.57.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, May 12th. Exelon’s dividend payout ratio (DPR) is presently 77.59%.

In other news, SVP Fabian Souza sold 21,400 shares of Exelon stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $47.61, for a total value of $1,018,854.00. Following the completion of the transaction, the senior vice president now directly owns 2,337 shares of the company’s stock, valued at approximately $111,264.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William P. Bowers bought 4,500 shares of Exelon stock in a transaction on Tuesday, March 22nd. The shares were purchased at an average cost of $43.56 per share, with a total value of $196,020.00. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EXC. Morgan Stanley raised its position in shares of Exelon by 6.6% during the 2nd quarter. Morgan Stanley now owns 14,043,370 shares of the company’s stock worth $622,261,000 after buying an additional 872,516 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Exelon during the 4th quarter worth about $394,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Exelon in the 4th quarter worth approximately $4,923,000. Marshall Wace LLP raised its holdings in shares of Exelon by 400.3% in the 4th quarter. Marshall Wace LLP now owns 91,489 shares of the company’s stock worth $5,284,000 after purchasing an additional 73,203 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Exelon by 2.4% in the 4th quarter. Stifel Financial Corp now owns 177,683 shares of the company’s stock worth $10,264,000 after purchasing an additional 4,139 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

Several analysts recently weighed in on the stock. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and lifted their target price for the company from $43.00 to $46.00 in a report on Friday, March 11th. JPMorgan Chase & Co. upgraded shares of Exelon from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $47.00 to $55.00 in a research note on Wednesday, April 20th. Wells Fargo & Company downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $65.00 to $45.00 in a research note on Thursday, February 3rd. The Goldman Sachs Group cut shares of Exelon from a “buy” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $44.00 in a report on Friday, February 4th. Finally, Zacks Investment Research raised shares of Exelon from a “sell” rating to a “hold” rating and set a $53.00 target price for the company in a report on Tuesday, April 12th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.17.

About Exelon (Get Rating)

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Earnings History for Exelon (NASDAQ:EXC)

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