JPMorgan Chase & Co. Cuts Exelon (NASDAQ:EXC) Price Target to $47.00

Exelon (NASDAQ:EXC) had its price target reduced by JPMorgan Chase & Co. from $50.00 to $47.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

EXC has been the topic of a number of other research reports. KeyCorp set a $39.00 price target on shares of Exelon in a report on Friday. Evercore ISI initiated coverage on shares of Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. TD Cowen started coverage on Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Finally, UBS Group upped their price objective on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.92.

Exelon Stock Performance

NASDAQ:EXC opened at $43.57 on Friday. The stock has a market cap of $44.02 billion, a P/E ratio of 15.62, a PEG ratio of 2.68 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The business’s 50-day moving average price is $46.14 and its two-hundred day moving average price is $44.56. Exelon has a twelve month low of $35.94 and a twelve month high of $48.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.17. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts predict that Exelon will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is currently 57.35%.

Institutional Investors Weigh In On Exelon

Several institutional investors and hedge funds have recently bought and sold shares of EXC. Townsquare Capital LLC raised its holdings in shares of Exelon by 25.1% during the first quarter. Townsquare Capital LLC now owns 23,644 shares of the company’s stock valued at $1,090,000 after acquiring an additional 4,748 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Exelon during the 1st quarter valued at $609,000. HighTower Advisors LLC raised its holdings in Exelon by 8.3% in the 1st quarter. HighTower Advisors LLC now owns 280,148 shares of the company’s stock worth $12,909,000 after purchasing an additional 21,382 shares in the last quarter. National Pension Service lifted its position in shares of Exelon by 1.2% in the 1st quarter. National Pension Service now owns 1,374,676 shares of the company’s stock worth $63,345,000 after purchasing an additional 16,590 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in shares of Exelon by 37.3% in the 1st quarter. Neuberger Berman Group LLC now owns 126,978 shares of the company’s stock worth $5,849,000 after purchasing an additional 34,491 shares during the period. 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.