Exelon (NASDAQ:EXC) Issues Earnings Results, Beats Estimates By $0.04 EPS

Exelon (NASDAQ:EXC) posted its earnings results on Thursday. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04, FiscalAI reports. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the company earned $0.64 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

Here are the key takeaways from Exelon’s conference call:

• Beat expectations and raised guidance: Exelon reported 2025 adjusted operating EPS of $2.77 (above guidance) and initiated 2026 operating earnings guidance of $2.81–$2.91, targeting 5%–7% annualized EPS growth through 2029 near the top of that range.
• Large, transmission‑heavy capital plan: Management plans to invest $41.3 billion over the next four years with ~70% of the plan increase driven by transmission, expecting ~8% rate‑base growth and line‑of‑sight to an additional $12–17 billion of transmission opportunities over the next decade.
• Regulatory progress is mixed: final settlements were reached in Atlantic City Electric and Delmarva Gas and reconciliations closed at ComEd and BGE (BGE recovered roughly half), while major filings (Pepco MD, ComEd multi‑year grid plan) remain pending and could affect timing and recovery.
• Funding and balance‑sheet plan to support growth: Exelon expects to fund the plan with $22B of internal cash, $13B of utility debt, $3B of holding‑company debt and modest equity (~40% policy), has issued $1B of convertible debt, and targets credit metrics comfortably above downgrade thresholds.

Exelon Stock Up 2.2%

Shares of Exelon stock traded up $1.03 during trading on Friday, reaching $48.58. 2,154,337 shares of the company traded hands, compared to its average volume of 8,222,444. The firm has a market capitalization of $49.07 billion, a PE ratio of 17.35, a P/E/G ratio of 2.60 and a beta of 0.45. Exelon has a 1-year low of $41.71 and a 1-year high of $48.53. The company has a 50 day moving average price of $44.01 and a 200-day moving average price of $44.83. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a $0.42 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. This is an increase from Exelon’s previous quarterly dividend of $0.40. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Analyst Ratings Changes

EXC has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Exelon from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday. Wolfe Research downgraded Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Barclays reduced their price target on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. UBS Group lowered their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company increased their target price on shares of Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.15.

Exelon News Roundup

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q4 earnings beat: Exelon reported $0.59 EPS, outperforming consensus and signaling resilient margin performance. The company highlighted rising power demand and higher wholesale rates as drivers of an improved 2026 outlook. Reuters: Exelon sees strong 2026
• Positive Sentiment: Raised FY‑2026 outlook and infrastructure plan: Management set 2026 EPS guidance of $2.81–$2.91 and unveiled a $41.3B infrastructure investment plan through 2029, supporting long‑term growth and regulated earnings visibility. Zacks: Capex plan
• Positive Sentiment: Dividend increase: Exelon raised its quarterly dividend to $0.42 (5% increase), implying a ~3.5% yield — a shareholder‑friendly move that supports income investor interest.
• Positive Sentiment: Analyst upgrades / price‑target lifts: BMO Capital Markets and Mizuho raised targets to $51 and flagged an “outperform” view, providing near‑term buy‑side momentum. The Fly: BMO raises PT Benzinga: Mizuho raises PT
• Neutral Sentiment: Revenue modest miss: Q4 revenue was roughly flat/ down ~1.1% YoY and slightly missed some estimates, indicating demand is improving but not uniformly across segments. Exelon press release
• Neutral Sentiment: Guidance context: The 2026 EPS range overlaps consensus — upside tied to commodity prices and wholesale rates, downside if rates or demand underperform. Investors should watch commodity exposure and regulatory/regional demand trends.
• Negative Sentiment: Mixed quarter vs. prior year: GAAP EPS of $0.59 was below last year’s $0.64, and revenue was slightly down YoY — metrics that temper the headline beat and warrant attention on sustainable margin drivers. MarketBeat: Q4 details
• Neutral Sentiment: Short‑interest data non‑informative: Reported short interest entries show zeros/inconsistent values and do not provide a clear signal for additional selling pressure.

Hedge Funds Weigh In On Exelon

Several institutional investors have recently made changes to their positions in the stock. Azimuth Capital Investment Management LLC grew its stake in shares of Exelon by 2.1% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 11,900 shares of the company’s stock valued at $519,000 after buying an additional 250 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Exelon by 4.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,846 shares of the company’s stock worth $298,000 after acquiring an additional 261 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Exelon by 0.4% in the third quarter. Wasatch Advisors LP now owns 101,682 shares of the company’s stock worth $4,577,000 after acquiring an additional 355 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Exelon by 6.6% in the third quarter. CreativeOne Wealth LLC now owns 7,820 shares of the company’s stock valued at $352,000 after acquiring an additional 485 shares during the period. Finally, Energy Income Partners LLC increased its holdings in shares of Exelon by 0.6% during the third quarter. Energy Income Partners LLC now owns 77,666 shares of the company’s stock valued at $3,496,000 after acquiring an additional 494 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

About Exelon

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.