Morgan Stanley Cuts Exelon (NASDAQ:EXC) Price Target to $55.00

Exelon (NASDAQ:EXC) had its target price decreased by Morgan Stanley from $56.00 to $55.00 in a research report report published on Tuesday, MarketBeat.com reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. UBS Group raised their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. KeyCorp cut their price objective on shares of Exelon from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday. Royal Bank Of Canada cut their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.44.

Exelon Stock Up 1.9%

Shares of NASDAQ:EXC opened at $46.75 on Tuesday. The firm’s 50 day moving average price is $48.42 and its 200 day moving average price is $46.31. The stock has a market cap of $47.83 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41. Exelon has a fifty-two week low of $41.71 and a fifty-two week high of $50.65. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts predict that Exelon will post 2.86 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. Exelon’s payout ratio is 61.54%.

Hedge Funds Weigh In On Exelon

Hedge funds have recently modified their holdings of the business. Bell Investment Advisors Inc grew its position in shares of Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the last quarter. Motiv8 Investments LLC purchased a new position in shares of Exelon during the fourth quarter worth approximately $25,000. LRI Investments LLC grew its position in shares of Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 392 shares during the last quarter. Optima Capital LLC purchased a new position in shares of Exelon during the fourth quarter worth approximately $25,000. Finally, SHP Wealth Management purchased a new position in shares of Exelon during the fourth quarter worth approximately $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

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.