Exelon (NASDAQ:EXC) Price Target Cut to $49.00 by Analysts at Morgan Stanley

Exelon (NASDAQ:EXC) had its price target trimmed by Morgan Stanley from $50.00 to $49.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the company. KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Wednesday, July 16th. UBS Group reissued a “neutral” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $47.44.

Exelon Price Performance

Exelon stock opened at $43.78 on Thursday. The company’s 50 day simple moving average is $44.06 and its 200-day simple moving average is $44.19. 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 has a 1 year low of $35.94 and a 1 year high of $48.11. The company has a market capitalization of $44.22 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is presently 60.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXC. Providence Wealth Advisors LLC grew its holdings in Exelon by 0.6% during the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after acquiring an additional 217 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Exelon by 11.6% in the second quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after buying an additional 225 shares during the period. CWM LLC grew its position in shares of Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after buying an additional 226 shares during the period. Finally, Empirical Finance LLC increased its stake in shares of Exelon by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock valued at $1,512,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Company Profile

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.