FY2024 Earnings Estimate for Exelon Issued By Zacks Research

Exelon Co. (NASDAQ:EXC) – Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of Exelon in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $2.48 per share for the year, up from their previous estimate 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.

Other equities research analysts have also issued research reports about the stock. Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.25.

Exelon Price Performance

Exelon stock opened at $39.49 on Monday. Exelon has a 52-week low of $33.35 and a 52-week high of $41.42. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.76 and a beta of 0.54. The company has a fifty day simple moving average of $39.60 and a 200-day simple moving average of $37.85. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.85%. Exelon’s dividend payout ratio is presently 62.55%.

Institutional Trading of Exelon

Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC increased its stake in shares of Exelon by 666.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after buying an additional 3,115,763 shares during the period. Swedbank AB purchased a new stake in shares of Exelon during the first quarter worth approximately $96,859,000. State Street Corp increased its stake in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the period. FMR LLC increased 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 worth $477,782,000 after buying an additional 1,858,502 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Exelon by 4,103.5% during the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after buying an additional 1,021,731 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

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.