Exelon (NASDAQ:EXC) Price Target Cut to $41.00 by Analysts at KeyCorp

Exelon (NASDAQ:EXC) had its price target lowered by research analysts at KeyCorp from $43.00 to $41.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. KeyCorp’s target price indicates a potential downside of 8.85% from the company’s current price.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a $49.00 price target (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. UBS Group upped their price target on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Citigroup began coverage on shares of Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 price target for the company. Finally, Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.33.

Exelon Stock Up 1.8%

EXC opened at $44.98 on Wednesday. Exelon has a twelve month low of $41.71 and a twelve month high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The company has a 50-day moving average price of $47.85 and a 200 day moving average price of $46.17. The company has a market cap of $46.02 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.56 and a beta of 0.32.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts expect that Exelon will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Exelon

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Magellan Asset Management Ltd increased its stake in shares of Exelon by 26.6% in the 1st quarter. Magellan Asset Management Ltd now owns 1,092,489 shares of the company’s stock worth $53,554,000 after acquiring an additional 229,573 shares during the last quarter. ABN Amro Investment Solutions grew its stake in shares of Exelon by 14.5% in the 1st quarter. ABN Amro Investment Solutions now owns 134,220 shares of the company’s stock valued at $6,579,000 after buying an additional 17,017 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Exelon by 4.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 356,593 shares of the company’s stock valued at $17,480,000 after buying an additional 15,309 shares during the period. Oslo Pensjonsforsikring AS purchased a new stake in shares of Exelon in the 1st quarter valued at approximately $522,000. Finally, Johnson Financial Group Inc. grew its stake in shares of Exelon by 5.0% in the 1st quarter. Johnson Financial Group Inc. now owns 116,614 shares of the company’s stock valued at $5,716,000 after buying an additional 5,604 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.