Exelon (NASDAQ:EXC) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of Exelon (NASDAQ:EXC) in a research report released on Thursday, MarketBeat reports. The firm issued a hold rating and a $49.00 price target on the stock.

Several other brokerages also recently weighed in on EXC. KeyCorp upped their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday. Evercore ISI initiated coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. Barclays boosted their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price objective on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.00.

Exelon Trading Up 0.9%

NASDAQ:EXC opened at $47.78 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon has a 12 month low of $35.94 and a 12 month high of $48.11. The company has a market cap of $48.26 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.96 and a beta of 0.40. The company has a 50 day simple moving average of $44.63 and a two-hundred day simple moving average of $44.40.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio is 60.84%.

Hedge Funds Weigh In On Exelon

A number of institutional investors have recently modified their holdings of the stock. Ethic Inc. boosted its stake in shares of Exelon by 6.9% during the third quarter. Ethic Inc. now owns 310,701 shares of the company’s stock valued at $13,985,000 after purchasing an additional 20,086 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Exelon by 5.3% in the third quarter. Perigon Wealth Management LLC now owns 16,679 shares of the company’s stock valued at $751,000 after acquiring an additional 842 shares in the last quarter. Sowell Financial Services LLC boosted its stake in Exelon by 1.1% in the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock valued at $923,000 after acquiring an additional 215 shares in the last quarter. FSM Wealth Advisors LLC acquired a new stake in Exelon in the third quarter valued at approximately $202,000. Finally, E. Ohman J or Asset Management AB boosted its stake in Exelon by 7.2% in the third quarter. E. Ohman J or Asset Management AB now owns 44,724 shares of the company’s stock valued at $2,013,000 after acquiring an additional 3,000 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.