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 research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the company will earn $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 $2.45 per share. Zacks Research also issued estimates for Exelon’s FY2025 earnings at $2.58 EPS and Q2 2026 earnings at $0.54 EPS.

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

Exelon Price Performance

EXC stock opened at $38.71 on Monday. Exelon has a 1 year low of $33.35 and a 1 year high of $41.42. The stock has a market capitalization of $38.90 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.54. The company’s 50-day moving average is $39.64 and its 200-day moving average is $37.83. 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 (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year.

Hedge Funds Weigh In On Exelon

A number of large investors have recently modified their holdings of EXC. CreativeOne Wealth LLC purchased a new position in Exelon during the first quarter worth about $247,000. BOKF NA increased its position in shares of Exelon by 7.6% in the first quarter. BOKF NA now owns 17,722 shares of the company’s stock worth $660,000 after purchasing an additional 1,257 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Exelon by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock valued at $52,249,000 after purchasing an additional 16,661 shares in the last quarter. SVB Wealth LLC lifted its position in Exelon by 6.5% during the first quarter. SVB Wealth LLC now owns 12,542 shares of the company’s stock valued at $471,000 after purchasing an additional 769 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Exelon by 10.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company’s stock worth $841,000 after buying an additional 2,075 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.93%. Exelon’s dividend payout ratio is currently 62.55%.

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.