Morgan Stanley Cuts Exelon (NASDAQ:EXC) Price Target to $50.00

Exelon (NASDAQ:EXC) had its target price lowered by Morgan Stanley from $53.00 to $50.00 in a research note published on Friday, Marketbeat reports. Morgan Stanley currently has an equal weight rating on the stock.

EXC has been the topic of several other research reports. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Truist Financial reduced their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.87.

Exelon Price Performance

NASDAQ:EXC opened at $42.07 on Friday. The company has a market cap of $43.43 billion, a PE ratio of 15.41, a P/E/G ratio of 2.30 and a beta of 0.30. Exelon has a twelve month low of $42.01 and a twelve month high of $50.65. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company’s 50 day moving average is $44.98 and its two-hundred day moving average is $46.24.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts anticipate that Exelon will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Exelon’s dividend payout ratio is presently 61.54%.

Hedge Funds Weigh In On Exelon

Institutional investors have recently modified their holdings of the stock. Leonteq Securities AG purchased a new stake in Exelon in the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc increased its holdings in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after purchasing an additional 287 shares in the last quarter. SHP Wealth Management purchased a new position in shares of Exelon during the 4th quarter valued at approximately $26,000. Eastern Bank acquired a new position in shares of Exelon in the 2nd quarter valued at $26,000. Finally, Axiom Investment Management LLC acquired a new position in shares of Exelon in the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.