Exelon (NASDAQ:EXC) Reaches New 1-Year Low After Analyst Downgrade

Exelon Corporation (NASDAQ:EXC)’s share price reached a new 52-week low during trading on Monday after Morgan Stanley lowered their price target on the stock from $53.00 to $50.00. Morgan Stanley currently has an equal weight rating on the stock. Exelon traded as low as $41.89 and last traded at $42.0420, with a volume of 462388 shares traded. The stock had previously closed at $42.07.

Several other research firms have also commented on EXC. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Truist Financial lowered their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Four 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 data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $49.87.

Institutional Investors Weigh In On Exelon

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its stake in Exelon by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 59,118 shares of the company’s stock valued at $2,756,000 after acquiring an additional 3,462 shares in the last quarter. Tidal Investments LLC increased its position in Exelon by 0.3% during the second quarter. Tidal Investments LLC now owns 70,360 shares of the company’s stock worth $3,280,000 after purchasing an additional 243 shares during the last quarter. National Pension Service boosted its holdings in Exelon by 2.9% in the 2nd quarter. National Pension Service now owns 1,719,934 shares of the company’s stock valued at $80,183,000 after purchasing an additional 48,967 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in Exelon by 5.5% in the 2nd quarter. Cidel Asset Management Inc. now owns 11,312 shares of the company’s stock valued at $527,000 after purchasing an additional 592 shares during the last quarter. Finally, NorthRock Partners LLC grew its stake in shares of Exelon by 12.1% in the 2nd quarter. NorthRock Partners LLC now owns 7,320 shares of the company’s stock valued at $341,000 after buying an additional 790 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

The firm’s 50 day moving average price is $44.98 and its two-hundred day moving average price is $46.24. The firm has a market cap of $43.48 billion, a PE ratio of 15.39, a PEG ratio of 2.30 and a beta of 0.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Exelon’s payout ratio is 61.54%.

Exelon Company Profile

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.