Exelon (NASDAQ:EXC) Price Target Cut to $49.00 by Analysts at Argus

Exelon (NASDAQ:EXC) had its price target dropped by Argus from $52.00 to $49.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Argus’ price target would indicate a potential upside of 16.72% from the stock’s previous close.

A number of other research firms also recently weighed in on EXC. Morgan Stanley decreased their target price on Exelon from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday. Truist Financial decreased their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Five 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.81.

Exelon Price Performance

Shares of Exelon stock opened at $41.98 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Exelon has a 1-year low of $41.84 and a 1-year high of $50.65. The firm has a fifty day simple moving average of $44.87 and a 200-day simple moving average of $46.19. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.30 and a beta of 0.30.

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

Hedge Funds Weigh In On Exelon

A number of institutional investors and hedge funds have recently bought and sold shares of EXC. Assenagon Asset Management S.A. raised its holdings in shares of Exelon by 133.9% during the second quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock worth $23,569,000 after acquiring an additional 289,436 shares during the period. Legal & General Group Plc boosted its position in shares of Exelon by 1.6% during the fourth quarter. Legal & General Group Plc now owns 13,145,826 shares of the company’s stock worth $573,027,000 after buying an additional 202,665 shares during the period. Capital Innovations LLC acquired a new stake in Exelon in the 4th quarter valued at approximately $3,377,000. First Horizon Corp boosted its position in Exelon by 1,004.0% during the 1st quarter. First Horizon Corp now owns 25,635 shares of the company’s stock worth $1,257,000 after acquiring an additional 23,313 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in shares of Exelon in the second quarter valued at approximately $1,972,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

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.