Exelon Co. (NASDAQ:EXC – Get Rating) – KeyCorp research analysts raised their fiscal year 2023 EPS estimates for Exelon shares in a research report released Wednesday, May 25. KeyCorp analyst S. Karp now expects the company to earn $2.42 per share for the year, up from his previous forecast of $2.40. KeyCorp has an “overweight” rating and a price target of $53.00 on the stock. KeyCorp also released estimates for Exelon’s fiscal year 2024 earnings at $2.59 EPS.
EXC has been the subject of several other research reports. BMO Capital Markets cut its price target on Exelon from $63.00 to $47.00 in a Thursday, February 17 report. Barclays began covering Exelon shares in a research report on Monday February 7. They set an “equal weight” rating and a price target of $46.00 on the stock. Royal Bank of Canada downgraded Exelon from an “outperform” rating to an “sector performer” rating and lowered its price target for the stock from $66.00 to $46.00 in a note. research on Thursday, February 3. Scotiabank downgraded Exelon from an ‘sector outperformer’ rating to an ‘sector performer’ rating and lowered its target price for the stock from $55.00 to $44.00 in a Monday report February 7. Finally, Goldman Sachs Group downgraded Exelon shares from a “buy” rating to a “neutral” rating and lowered its price target for the company from $62.00 to $44.00 in a rating of research from Friday, February 4. Seven investment analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus price target of $48.00.
Shares of Exelon opened at $49.16 on Friday. Exelon has a 12-month low of $31.25 and a 12-month high of $50.71. The company has a fifty-day simple moving average of $47.38 and a 200-day simple moving average of $49.65. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt ratio of 1.51. The stock has a market capitalization of $48.18 billion, a PE ratio of 18.55, a growth price-earnings ratio of 3.36 and a beta of 0.57.
Exelon (NASDAQ:EXC – Get Rating) last released its quarterly results on Monday, May 9. The company reported earnings per share (EPS) of $0.64 for the quarter, missing the consensus estimate of $0.65 per ($0.01). Exelon had a net margin of 8.15% and a return on equity of 10.87%. In the same period a year earlier, the company posted ($0.06) earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 10. Shareholders of record on Friday, May 13 will receive a dividend of $0.3375 per share. This represents a dividend of $1.35 on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, May 12. Exelon’s dividend payout ratio is currently 50.94%.
In related news, CEO John Tyler Anthony sold 4,451 shares of the company in a trade that took place on Wednesday, May 18. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the completion of the sale, the CEO now owns 974 shares of the company, valued at $46,255.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, manager William P. Bowers bought 4,500 shares in a trade on Tuesday, March 22. The shares were acquired at an average price of $43.56 per share, with a total value of $196,020.00. Disclosure of this purchase can be found here. In the past 90 days, insiders have sold 29,813 shares of the company valued at $1,405,947. Insiders of the company own 0.19% of the shares of the company.
A number of large investors have recently changed their positions in the company. EverSource Wealth Advisors LLC increased its stake in Exelon by 221.2% in Q1. EverSource Wealth Advisors LLC now owns 2,133 shares of the company valued at $102,000 after purchasing an additional 1,469 shares in the last quarter. M Holdings Securities Inc. bought a new position in Exelon stock in Q1 worth approximately $261,000. Advisory Services Network LLC increased its holdings of Exelon shares by 52.0% in the first quarter. Advisory Services Network LLC now owns 15,454 shares of the company valued at $736,000 after acquiring an additional 5,290 shares in the last quarter. Neuberger Berman Group LLC increased its position in Exelon shares by 34.9% during the first quarter. Neuberger Berman Group LLC now owns 1,294,116 shares of the company valued at $61,638,000 after acquiring an additional 334,770 shares in the last quarter. Finally, Toroso Investments LLC increased its stake in Exelon by 13.8% during the first quarter. Toroso Investments LLC now owns 13,442 shares of the company worth $640,000 after acquiring an additional 1,632 shares during the period. Institutional investors and hedge funds hold 80.35% of the company’s shares.
Exelon Company Profile (Get a rating)
Exelon Corporation, a utility holding company, is engaged in the generation, delivery and marketing of energy in the United States and Canada. It has nuclear, fossil, wind, hydroelectric, biomass and solar power plants. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy and other energy-related products and services.
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