FY2024 EPS Estimates for Exelon Reduced by Seaport Res Ptn

Exelon Co. (NASDAQ:EXC) – Stock analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for shares of Exelon in a note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the company will earn $2.46 per share for the year, down from their prior forecast of $2.47. The consensus estimate for Exelon’s current full-year earnings is $2.45 per share.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share 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 firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.

A number of other analysts also recently weighed in on EXC. Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank raised their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Morgan Stanley dropped their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $42.00.

Exelon Trading Up 1.8 %

Shares of EXC stock opened at $38.19 on Wednesday. The stock’s fifty day moving average price is $38.00 and its two-hundred day moving average price is $38.04. The company has a market cap of $38.37 billion, a PE ratio of 15.72, a P/E/G ratio of 2.63 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $41.19.

Institutional Investors Weigh In On Exelon

Institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC increased its stake in Exelon by 1.6% in the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock worth $1,048,823,000 after purchasing an additional 403,542 shares during the period. FMR LLC boosted its stake in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Exelon by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after acquiring an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after purchasing an additional 123,466 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.98%. Exelon’s payout ratio is currently 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.