Exelon (NASDAQ:EXC) Given New $49.00 Price Target at TD Cowen

Exelon (NASDAQ:EXC) had its price objective lowered by TD Cowen from $51.00 to $49.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts also recently commented on the company. Citigroup started coverage on Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price for the company. Scotiabank lifted their price target on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Morgan Stanley dropped their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Barclays downgraded Exelon from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $50.00 to $49.00 in a research report on Friday, April 17th. Finally, Truist Financial started coverage on Exelon in a research report on Monday, April 20th. They set a “hold” rating and a $50.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $50.33.

Exelon Price Performance

Exelon stock opened at $43.38 on Friday. The stock has a market capitalization of $44.39 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 2.57 and a beta of 0.32. Exelon has a 52-week low of $42.11 and a 52-week high of $50.65. The stock’s 50 day moving average price is $47.54 and its two-hundred day moving average price is $46.10. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.9%. Exelon’s payout ratio is presently 61.54%.

Hedge Funds Weigh In On Exelon

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors purchased a new stake in Exelon in the fourth quarter worth $738,333,000. Norges Bank purchased a new stake in Exelon in the fourth quarter worth $617,974,000. Capital World Investors grew its stake in Exelon by 807.4% in the fourth quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock worth $440,284,000 after purchasing an additional 8,987,453 shares during the period. Lazard Asset Management LLC grew its stake in Exelon by 32.9% in the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after purchasing an additional 5,554,494 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its stake in Exelon by 134,604.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock worth $160,137,000 after purchasing an additional 3,554,891 shares during the period. Institutional investors own 80.92% of the company’s stock.

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.