Exelon (NASDAQ:EXC) Upgraded to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Exelon (NASDAQ:EXC) to a hold rating in a research report released on Tuesday,Zacks.com reports.

EXC has been the subject of several other research reports. UBS Group reduced their target price on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Jefferies Financial Group set a $57.00 target price on Exelon in a research note on Wednesday, October 15th. Evercore ISI began coverage on Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. TD Cowen assumed coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Finally, Morgan Stanley restated an “underperform” rating and set a $52.00 target price on shares of Exelon in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.85.

Exelon Stock Performance

Shares of Exelon stock opened at $42.99 on Tuesday. The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.58 and a beta of 0.46. The firm’s fifty day simple moving average is $44.83 and its 200-day simple moving average is $44.65. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. Exelon has a 12 month low of $37.13 and a 12 month high of $48.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts forecast that Exelon will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, November 10th. Exelon’s dividend payout ratio (DPR) is 57.35%.

Institutional Trading of Exelon

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Exelon during the 2nd quarter worth approximately $589,122,000. Lazard Asset Management LLC lifted its position in shares of Exelon by 32.9% in the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after acquiring an additional 5,554,494 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in shares of Exelon by 134,604.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock valued at $160,137,000 after acquiring an additional 3,554,891 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Exelon by 164.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock worth $242,875,000 after purchasing an additional 3,476,942 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after purchasing an additional 2,841,118 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.