Argus Cuts Exelon (NASDAQ:EXC) Price Target to $49.00

Exelon (NASDAQ:EXC) had its price objective trimmed by Argus from $52.00 to $49.00 in a research note released on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Morgan Stanley lowered their target price on Exelon from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Truist Financial cut their price target on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.81.

Exelon Trading Down 1.2%

EXC opened at $40.20 on Tuesday. Exelon has a 1-year low of $40.15 and a 1-year high of $50.65. The stock has a market capitalization of $41.50 billion, a PE ratio of 14.73, a PEG ratio of 2.29 and a beta of 0.30. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $44.54 and a two-hundred day moving average price of $46.01.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.Exelon’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts anticipate that Exelon will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 4th. Exelon’s payout ratio is currently 61.54%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Exelon during the second quarter worth about $5,583,709,000. GQG Partners LLC bought a new stake in shares of Exelon in the 2nd quarter valued at about $922,917,000. Capital International Investors bought a new stake in shares of Exelon in the 4th quarter valued at about $738,333,000. Norges Bank bought a new stake in shares of Exelon in the 4th quarter valued at about $617,974,000. Finally, Legal & General Group Plc acquired a new stake in shares of Exelon in the 2nd quarter valued at approximately $602,760,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.