Exelon (NASDAQ:EXC) Hits New 52-Week Low – What’s Next?

Exelon Corporation (NASDAQ:EXC) reached a new 52-week low during trading on Tuesday . The stock traded as low as $42.25 and last traded at $42.4320, with a volume of 384835 shares. The stock had previously closed at $42.72.

Wall Street Analyst Weigh In

EXC has been the subject of a number of analyst reports. Truist Financial dropped their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Morgan Stanley reduced their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Finally, Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and an average target price of $50.07.

Exelon Stock Up 0.6%

The firm’s fifty day simple moving average is $45.15 and its 200 day simple moving average is $46.34. 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 has a market cap of $43.81 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.31 and a beta of 0.30.

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

Exelon Dividend Announcement

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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Exelon’s payout ratio is 61.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its stake in shares of Exelon by 133.9% in the 2nd 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 holdings in Exelon by 1.6% in the 4th quarter. Legal & General Group Plc now owns 13,145,826 shares of the company’s stock valued at $573,027,000 after purchasing an additional 202,665 shares in the last quarter. First Horizon Corp boosted its holdings in Exelon by 1,004.0% in the 1st quarter. First Horizon Corp now owns 25,635 shares of the company’s stock valued at $1,257,000 after purchasing an additional 23,313 shares in the last quarter. Capital Innovations LLC acquired a new position in Exelon during the 4th quarter worth approximately $3,377,000. Finally, Summit Global Investments acquired a new stake in shares of Exelon in the 2nd quarter valued at approximately $1,972,000. 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.