Exelon (NASDAQ:EXC) Updates FY 2026 Earnings Guidance

Exelon (NASDAQ:EXC) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.810-2.910 for the period, compared to the consensus EPS estimate of 2.830. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank raised their target price on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday. Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. KeyCorp set a $39.00 target price on shares of Exelon in a research note on Friday, December 12th. Jefferies Financial Group dropped their price target on Exelon from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, BTIG Research assumed coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $49.93.

Exelon Stock Up 2.0%

Shares of EXC stock opened at $48.48 on Friday. Exelon has a 52-week low of $41.71 and a 52-week high of $48.72. The stock has a market cap of $48.98 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.78 and a beta of 0.45. The firm’s 50-day moving average is $44.11 and its 200-day moving average is $44.87. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.92.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts predict that Exelon will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a $0.42 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Key Exelon News

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q4 beat and upbeat 2026 outlook — Exelon reported $0.59 EPS (above consensus) and launched FY2026 guidance of $2.81–$2.91, signaling stronger underlying power markets and rate benefits. BusinessWire: Q4 & 2026 Outlook
• Positive Sentiment: Analyst upgrades — Several firms raised price targets (Wells Fargo to $53, Mizuho to $51, BMO to $51) and reiterated overweight/outperform views, supporting near-term upside. Benzinga: Analyst Coverage The Fly: Mizuho
• Positive Sentiment: Dividend raise — Exelon increased its quarterly dividend to $0.42 (5% increase), boosting income appeal and supporting yield-sensitive investors. (Ex‑dividend: Mar 2; pay date: Mar 13)
• Positive Sentiment: Transmission project approved — PJM Board advanced a ~220‑mile, 765‑kV transmission line co‑sponsored with NextEra, supporting long‑term transmission revenue and grid reliability opportunities. PR Newswire: PJM Approval
• Positive Sentiment: Electrification & AI tailwinds — Analysts/commentary highlight Exelon as a play on electrification and demand from AI data centers, reinforcing the company’s long‑term growth narrative. Seeking Alpha: Electrification/AI Tailwinds
• Neutral Sentiment: Capex / growth plan — Exelon unveiled a $41.3B infrastructure investment plan through 2029, which supports growth but increases near‑term capital intensity. Zacks: Capex Plan
• Neutral Sentiment: Revenue and call details — Revenue slightly missed expectations ($5.41B vs $5.42B) and management hosted an earnings call; read the transcript for detail on generation, commodity exposure and rate assumptions. MSN: Earnings Transcript
• Neutral Sentiment: Short‑interest note — Recent short‑interest data in feeds appears anomalous/zero and is not a meaningful signal for today’s move.
• Negative Sentiment: YoY profit decline — EPS declined versus the prior year (Q4: $0.59 vs $0.64 a year ago), a reminder that beat was driven by mix/rates rather than higher volume; monitor commodity and weather sensitivity. BusinessWire: Results

Hedge Funds Weigh In On Exelon

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC increased its stake 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 buying an additional 5,554,494 shares during the period. State Street Corp boosted its holdings in Exelon by 4.0% in the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after acquiring an additional 2,550,786 shares during the last quarter. Man Group plc increased its position in Exelon by 99.4% during the 2nd quarter. Man Group plc now owns 3,034,725 shares of the company’s stock valued at $131,768,000 after purchasing an additional 1,512,552 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Exelon by 11.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,831,973 shares of the company’s stock worth $602,936,000 after purchasing an additional 1,426,401 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Exelon by 1,308.4% in the 3rd quarter. Squarepoint Ops LLC now owns 1,516,126 shares of the company’s stock worth $68,241,000 after purchasing an additional 1,408,478 shares during the period. 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.