FY2024 Earnings Estimate for Exelon Issued By Zacks Research

Exelon Co. (NASDAQ:EXC) – Stock analysts at Zacks Research boosted their FY2024 earnings estimates for Exelon in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $2.48 for the year, up from their previous estimate of $2.43. The consensus estimate for Exelon’s current full-year earnings is $2.45 per share. Zacks Research also issued estimates for Exelon’s FY2025 earnings at $2.58 EPS and Q2 2026 earnings at $0.54 EPS.

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

A number of other brokerages have also weighed in on EXC. Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company lifted their price target 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. Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Morgan Stanley reduced 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. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Exelon currently has an average rating of “Hold” and an average target price of $41.25.

Exelon Stock Down 1.5 %

NASDAQ EXC opened at $38.71 on Monday. The business’s 50-day moving average is $39.64 and its 200 day moving average is $37.83. The stock has a market capitalization of $38.90 billion, a PE ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon has a 1 year low of $33.35 and a 1 year high of $41.42.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Hedge Funds Weigh In On Exelon

Several institutional investors and hedge funds have recently modified their holdings of EXC. Los Angeles Capital Management LLC boosted its position 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 valued at $124,024,000 after buying an additional 3,115,763 shares during the last quarter. Swedbank AB bought a new stake in shares of Exelon in the first quarter worth approximately $96,859,000. State Street Corp raised its holdings 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 valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. FMR LLC lifted its position in 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. Finally, International Assets Investment Management LLC boosted its holdings in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after purchasing an additional 1,021,731 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

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.