Exelon (NASDAQ:EXC) Now Covered by Citigroup

Citigroup began coverage on shares of Exelon (NASDAQ:EXC) in a research note issued to investors on Thursday, MarketBeat reports. The firm issued a buy rating and a $58.00 price target on the stock.

Other research analysts have also issued research reports about the company. Barclays reduced their price objective on Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Jefferies Financial Group decreased their price objective on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BMO Capital Markets increased their target price on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Wells Fargo & Company lifted their price target on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada initiated coverage on Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $51.40.

Exelon Stock Performance

Shares of EXC opened at $48.40 on Thursday. Exelon has a one year low of $41.71 and a one year high of $50.65. The firm has a market capitalization of $49.52 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.45. The company has a 50-day simple moving average of $46.99 and a two-hundred day simple moving average of $45.70. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.84.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, February 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts anticipate that Exelon will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is 61.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXC. Vanguard Group Inc. grew its holdings in Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock valued at $5,715,457,000 after purchasing an additional 595,555 shares during the last quarter. State Street Corp grew its position in shares of Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after buying an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Exelon by 3.0% during the 4th quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock worth $1,008,239,000 after acquiring an additional 683,950 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Exelon by 2.9% during the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock valued at $913,853,000 after purchasing an additional 595,655 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after acquiring an additional 393,917 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

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.