Research Analysts Issue Forecasts for Exelon FY2024 Earnings

Exelon Co. (NASDAQ:EXC) – Equities researchers at Zacks Research increased their FY2024 EPS estimates for shares of Exelon in a research report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the company will post earnings of $2.48 per share for the year, up from their previous forecast of $2.43. The consensus estimate for Exelon’s current full-year earnings is $2.46 per share. Zacks Research also issued estimates for Exelon’s FY2025 earnings at $2.58 EPS and Q2 2026 earnings at $0.54 EPS.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year.

EXC has been the topic of several other research reports. Morgan Stanley dropped their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday. Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank increased their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Up 1.1 %

Shares of EXC stock opened at $39.13 on Monday. The company has a market capitalization of $39.32 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.76 and a beta of 0.54. Exelon has a 12-month low of $33.35 and a 12-month high of $41.42. The firm has a fifty day moving average of $39.61 and a 200-day moving average of $37.84. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Institutional Investors Weigh In On Exelon

Hedge funds and other institutional investors have recently made changes to their positions in the business. CreativeOne Wealth LLC acquired a new stake in Exelon during the first quarter worth about $247,000. BOKF NA lifted its stake in shares of Exelon by 7.6% in the 1st quarter. BOKF NA now owns 17,722 shares of the company’s stock valued at $660,000 after acquiring an additional 1,257 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Exelon by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock worth $52,249,000 after acquiring an additional 16,661 shares during the last quarter. SVB Wealth LLC increased its holdings in Exelon by 6.5% in the 1st quarter. SVB Wealth LLC now owns 12,542 shares of the company’s stock worth $471,000 after purchasing an additional 769 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in Exelon by 10.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company’s stock valued at $841,000 after purchasing an additional 2,075 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.88%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.