Exelon Co. Expected to Post Q3 2022 Earnings of $0.69 Per Share (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXCGet Rating) – Equities researchers at KeyCorp lifted their Q3 2022 earnings per share estimates for shares of Exelon in a note issued to investors on Thursday, August 4th. KeyCorp analyst S. Karp now expects that the company will post earnings per share of $0.69 for the quarter, up from their previous forecast of $0.68. KeyCorp has a “Overweight” rating and a $45.00 price target on the stock. The consensus estimate for Exelon’s current full-year earnings is $2.28 per share. KeyCorp also issued estimates for Exelon’s FY2022 earnings at $2.24 EPS, FY2023 earnings at $2.43 EPS, FY2024 earnings at $2.60 EPS, FY2025 earnings at $2.77 EPS and FY2026 earnings at $2.92 EPS.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. During the same period in the prior year, the business earned $0.89 earnings per share.

EXC has been the topic of several other reports. UBS Group dropped their price target on Exelon from $54.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Wells Fargo & Company dropped their price target on Exelon from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday. Barclays dropped their price target on Exelon from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. BMO Capital Markets lifted their price target on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Argus lifted their price target on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.15.

Exelon Price Performance

Shares of EXC stock opened at $44.77 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.91. Exelon has a fifty-two week low of $33.64 and a fifty-two week high of $50.71. The firm has a market cap of $43.88 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.74 and a beta of 0.57. The business’s 50 day moving average price is $44.83 and its 200-day moving average price is $46.14.

Institutional Trading of Exelon

Hedge funds have recently bought and sold shares of the stock. GQG Partners LLC boosted its stake in shares of Exelon by 645.3% in the first quarter. GQG Partners LLC now owns 26,819,110 shares of the company’s stock worth $1,277,085,000 after acquiring an additional 23,220,845 shares during the period. Wellington Management Group LLP lifted its position in shares of Exelon by 20.1% in the first quarter. Wellington Management Group LLP now owns 93,209,957 shares of the company’s stock worth $4,439,591,000 after buying an additional 15,573,269 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Exelon by 61.0% in the first quarter. Bank of New York Mellon Corp now owns 32,199,539 shares of the company’s stock worth $1,533,663,000 after buying an additional 12,205,179 shares in the last quarter. Norges Bank purchased a new stake in shares of Exelon in the fourth quarter worth about $192,435,000. Finally, Vanguard Group Inc. lifted its position in shares of Exelon by 2.8% in the first quarter. Vanguard Group Inc. now owns 86,862,993 shares of the company’s stock worth $4,137,284,000 after buying an additional 2,365,787 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

Insider Buying and Selling

In other Exelon news, CEO John Tyler Anthony sold 4,451 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the completion of the sale, the chief executive officer now owns 974 shares of the company’s stock, valued at $46,255.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be issued a $0.338 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.35 annualized dividend and a dividend yield of 3.02%. This is a positive change from Exelon’s previous quarterly dividend of $0.34. Exelon’s payout ratio is presently 49.82%.

About Exelon

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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.

Further Reading

Earnings History and Estimates for Exelon (NASDAQ:EXC)

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