Exelon (NASDAQ:EXC) Research Coverage Started at HSBC

HSBC assumed coverage on shares of Exelon (NASDAQ:EXC) in a research report report published on Thursday morning, Marketbeat reports. The firm issued a hold rating and a $44.00 price objective on the stock.

EXC has been the topic of a number of other reports. Barclays lowered their price target on shares of Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Truist Financial decreased their target price on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a report on Friday, October 16th. JPMorgan Chase & Co. cut their price target on Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Argus cut their target price on shares of Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Finally, KeyCorp raised Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 price target for the company in a report on Monday, October 12th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.58.

Exelon Price Performance

Shares of EXC stock opened at $44.43 on Thursday. Exelon has a twelve month low of $39.73 and a twelve month high of $50.65. The stock has a fifty day simple moving average of $42.83 and a two-hundred day simple moving average of $45.04. The stock has a market capitalization of $45.86 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.43 and a beta of 0.30. 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 (NASDAQ:EXC) last issued its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts predict that Exelon will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

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

Institutional Investors Weigh In On Exelon

Several large investors have recently bought and sold shares of EXC. Assenagon Asset Management S.A. lifted its holdings in Exelon by 133.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after purchasing an additional 289,436 shares in the last quarter. Amundi grew its holdings in shares of Exelon by 1.3% during the second quarter. Amundi now owns 10,506,650 shares of the company’s stock worth $489,809,000 after buying an additional 130,712 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of Exelon during the second quarter worth $1,345,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Exelon by 8.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 308,405 shares of the company’s stock worth $14,378,000 after buying an additional 24,885 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new stake in shares of Exelon during the second quarter worth $6,894,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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

About Exelon

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.