Exelon (NASDAQ:EXC) Stock Price Expected to Rise, Truist Financial Analyst Says

Exelon (NASDAQ:EXC) had its price objective hoisted by Truist Financial from $49.00 to $50.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 8.08% from the company’s current price.

Several other equities analysts have also commented on the company. Morgan Stanley decreased their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. KeyCorp cut their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Royal Bank Of Canada reduced their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a research report on Tuesday, April 21st. Finally, Mizuho set a $48.00 target price on shares of Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $50.33.

Exelon Stock Down 1.1%

Shares of NASDAQ EXC opened at $46.26 on Thursday. The company has a 50 day simple moving average of $45.92 and a 200-day simple moving average of $46.37. The company has a market capitalization of $47.33 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.71 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. Exelon has a 1 year low of $42.58 and a 1 year high of $50.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts predict that Exelon will post 2.86 earnings per share for the current year.

Hedge Funds Weigh In On Exelon

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bell Investment Advisors Inc lifted its stake in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Exelon in the 1st quarter valued at approximately $27,000. Eastern Bank purchased a new stake in shares of Exelon in the 2nd quarter valued at approximately $26,000. Motiv8 Investments LLC acquired a new stake in shares of Exelon in the 4th quarter valued at $25,000. Finally, Optima Capital LLC acquired a new stake in shares of Exelon in the 4th quarter valued at $25,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.