Exelon (NASDAQ:EXC) Given New $49.00 Price Target at Morgan Stanley

Exelon (NASDAQ:EXC) had its price target lowered by analysts at Morgan Stanley from $50.00 to $49.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 13.36% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Truist Financial dropped their target price on shares of Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, October 16th. Argus lowered their price target on shares of Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Barclays reduced their price objective on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Exelon has a consensus rating of “Hold” and an average price target of $48.33.

Exelon Stock Performance

NASDAQ:EXC traded up $0.20 during trading on Wednesday, reaching $43.23. The company’s stock had a trading volume of 1,357,609 shares, compared to its average volume of 8,288,465. Exelon has a 12 month low of $39.73 and a 12 month high of $50.65. The firm has a market cap of $44.62 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.32 and a beta of 0.30. The firm has a 50 day moving average of $42.92 and a 200-day moving average of $45.12. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.

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

Institutional Trading of Exelon

Several institutional investors and hedge funds have recently modified their holdings of EXC. Bell Investment Advisors Inc increased its position in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in Exelon in the first quarter valued at approximately $27,000. Eastern Bank purchased a new stake in Exelon in the second quarter valued at approximately $26,000. SHP Wealth Management bought a new stake in Exelon during the fourth quarter valued at approximately $26,000. Finally, Elevation Wealth Partners LLC lifted its position in Exelon by 440.0% during the second quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock valued at $28,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

About Exelon

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.