Seaport Res Ptn Issues Negative Estimate for Exelon Earnings

Exelon Co. (NASDAQ:EXC) – Seaport Res Ptn dropped their FY2024 earnings estimates for Exelon in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the company will post earnings of $2.46 per share for the year, down from their prior estimate of $2.47. The consensus estimate for Exelon’s current full-year earnings is $2.45 per share.

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

EXC has been the subject of a number of other research reports. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Barclays increased their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Six research 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 presently has an average rating of “Hold” and an average price target of $42.00.

Exelon Stock Performance

NASDAQ EXC opened at $38.19 on Wednesday. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $41.19. The stock has a market cap of $38.37 billion, a PE ratio of 15.72, a PEG ratio of 2.63 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm’s fifty day moving average price is $38.02 and its two-hundred day moving average price is $38.04.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Institutional Trading of Exelon

Hedge funds have recently bought and sold shares of the business. Foundations Investment Advisors LLC lifted its holdings in shares of Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the last quarter. Black Diamond Financial LLC grew its stake in shares of Exelon by 2.0% in the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock worth $487,000 after acquiring an additional 279 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Exelon by 2.1% in the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after purchasing an additional 285 shares during the last quarter. Finally, Ledyard National Bank lifted its position in shares of Exelon by 5.1% during the third quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock valued at $257,000 after purchasing an additional 308 shares in the last quarter. 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.