Exelon (NASDAQ:EXC) Stock Gets Price Target Trim from Morgan Stanley

Exelon (NASDAQ:EXC) had its price target reduced by Morgan Stanley from $50.00 to $49.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also weighed in on EXC. Barclays lowered their price objective on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday. Truist Financial reduced their target price on Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, October 16th. Argus decreased their price target on Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. decreased their price target on Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.58.

Exelon Stock Performance

Exelon stock opened at $44.43 on Wednesday. The firm has a 50 day simple moving average of $42.83 and a 200-day simple moving average of $45.04. Exelon has a 1-year low of $39.73 and a 1-year high of $50.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market cap of $45.86 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.45 and a beta of 0.30.

Exelon (NASDAQ:EXC) last announced 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 firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts expect that Exelon will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s dividend payout ratio is presently 61.54%.

Institutional Investors Weigh In On Exelon

A number of hedge funds have recently added to or reduced their stakes in EXC. BlackRock Inc. acquired a new stake in shares of Exelon in the second quarter valued at $5,583,709,000. Lazard Asset Management LLC boosted its stake in shares of Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock valued at $1,206,887,000 after buying an additional 1,490,251 shares during the period. GQG Partners LLC purchased a new position in shares of Exelon in the 2nd quarter valued at about $922,917,000. Legal & General Group Plc purchased a new position in shares of Exelon in the 2nd quarter valued at about $602,760,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Exelon during the second quarter worth about $580,842,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Exelon

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Zacks said Exelon has two key factors supporting a likely earnings beat in its upcoming report, potentially improving investor sentiment ahead of results. Exelon Expected to Beat Earnings Estimates
• Neutral Sentiment: Exelon is projected to report earnings on Friday, keeping the upcoming results as the next major catalyst for the stock. Exelon Projected to Announce Earnings
• Neutral Sentiment: HSBC initiated coverage with a hold rating and a $44.00 price target, implying little expected movement from current levels. HSBC Sets a Price Target for Exelon
• Neutral Sentiment: Morgan Stanley also assigned Exelon a hold rating, reinforcing the lack of a strong bullish or bearish consensus. Exelon Receives a Hold from Morgan Stanley
• Negative Sentiment: BMO Capital Markets lowered its price target from $47 to $45 and maintained a market perform rating. The reduced target signals more limited appreciation potential and adds pressure to the shares. BMO Lowers Exelon Price Target

Exelon Company Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.