Exelon (NASDAQ:EXC – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.18-$2.32 for the period, compared to the consensus earnings per share estimate of $2.26. The company issued revenue guidance of -.
Several analysts have commented on the company. The Goldman Sachs Group cut Exelon from a buy rating to a neutral rating and lowered their price target for the company from $62.00 to $44.00 in a report on Friday, February 4th. Mizuho upgraded Exelon from a neutral rating to a buy rating and boosted their target price for the stock from $43.00 to $46.00 in a report on Friday, March 11th. Vertical Research cut Exelon from a buy rating to a hold rating and set a $45.00 target price for the company. in a report on Thursday, February 3rd. Barclays started coverage on Exelon in a report on Monday, February 7th. They set an equal weight rating and a $46.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded 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 report on Wednesday, April 20th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of Hold and an average target price of $48.17.
NASDAQ EXC opened at $47.15 on Monday. The business has a 50 day moving average price of $47.08 and a two-hundred day moving average price of $49.70. Exelon has a fifty-two week low of $31.25 and a fifty-two week high of $50.71. The stock has a market cap of $46.21 billion, a PE ratio of 17.79, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.51.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 13th will be given a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, May 12th. Exelon’s payout ratio is 50.94%.
In related news, CEO John Tyler Anthony sold 4,451 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the sale, the chief executive officer now directly owns 974 shares of the company’s stock, valued at approximately $46,255.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William P. Bowers purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were purchased at an average cost of $43.56 per share, for a total transaction of $196,020.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 29,813 shares of company stock worth $1,405,947. 0.19% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Toroso Investments LLC grew its stake in Exelon by 13.8% during the 1st quarter. Toroso Investments LLC now owns 13,442 shares of the company’s stock worth $640,000 after buying an additional 1,632 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Exelon by 16.9% in the first quarter. Orion Portfolio Solutions LLC now owns 6,395 shares of the company’s stock worth $305,000 after purchasing an additional 926 shares in the last quarter. Keeley Teton Advisors LLC bought a new position in shares of Exelon in the first quarter worth $922,000. Wealthfront Advisers LLC grew its stake in shares of Exelon by 38.2% in the first quarter. Wealthfront Advisers LLC now owns 82,084 shares of the company’s stock worth $3,910,000 after purchasing an additional 22,669 shares in the last quarter. Finally, Coann Capital LLC bought a new position in shares of Exelon in the first quarter worth $11,538,000. Hedge funds and other institutional investors own 80.35% of the company’s stock.
Exelon Company Profile (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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