Zacks Research Comments on Exelon Co.’s Q1 2024 Earnings (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXC) – Research analysts at Zacks Research lowered their Q1 2024 EPS estimates for shares of Exelon in a research report issued to clients and investors on Wednesday, May 1st. Zacks Research analyst J. Saha now expects that the company will earn $0.70 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for Exelon’s current full-year earnings is $2.41 per share. Zacks Research also issued estimates for Exelon’s Q2 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.61 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.73 EPS and FY2026 earnings at $2.75 EPS.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS.

A number of other equities analysts also recently commented on the stock. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $39.00 in a research note on Wednesday, January 10th. Wells Fargo & Company upped their target price on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Scotiabank dropped their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.83.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $37.41 on Friday. The company has a market capitalization of $37.39 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.76 and a beta of 0.53. Exelon has a 12 month low of $33.35 and a 12 month high of $43.53. The firm’s 50-day moving average is $36.92 and its 200 day moving average is $37.05. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.06%. Exelon’s payout ratio is 65.24%.

Institutional Investors Weigh In On Exelon

A number of hedge funds and other institutional investors have recently bought and sold shares of EXC. Heritage Wealth Advisors lifted its position in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after acquiring an additional 495 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Exelon during the first quarter valued at approximately $26,000. Antonetti Capital Management LLC lifted its position in Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after buying an additional 276 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in shares of Exelon in the third quarter worth $31,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

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.