Exelon (NASDAQ:EXC) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Exelon (NASDAQ:EXC) posted its quarterly earnings results on Wednesday. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03, FiscalAI reports. The business had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

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

• Exelon reported adjusted operating earnings of $0.91 per share in Q1, modestly ahead of expectations due to favorable weather and timing, and is affirming 2026 guidance of $2.81–$2.91 with long‑term operating earnings growth targeted near the top of a 5%–7% range.
• Management withdrew PECO’s recently filed electric and gas rate cases in Pennsylvania for timing and affordability reasons and announced a leadership change at PECO, introducing near‑term regulatory and timing risk to rate recovery.
• Exelon rebalanced its four‑year capital plan to $41.7 billion (nearly $10 billion in 2026), shifting $1.5 billion to transmission while deferring $1.1 billion of distribution, expects transmission rate base to grow ~16% through 2029, and is targeting $350 million of incremental O&M savings in 2027 with ≤2% O&M growth through 2029.
• Executives flagged systemwide risks in PJM — including a shortage of generation and potential 2028 reliability issues — arguing additional generation (including utility‑led options) is needed to avoid higher customer costs and outage risk.

Exelon Stock Performance

Shares of EXC traded down $0.16 during trading hours on Friday, hitting $44.25. The stock had a trading volume of 1,867,829 shares, compared to its average volume of 8,594,943. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.84 and a current ratio of 0.94. The firm has a 50-day moving average price of $48.12 and a 200 day moving average price of $46.25. Exelon has a fifty-two week low of $41.71 and a fifty-two week high of $50.65. The firm has a market capitalization of $45.27 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.61 and a beta of 0.32.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, June 4th. Exelon’s payout ratio is currently 61.54%.

Hedge Funds Weigh In On Exelon

Large investors have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC acquired a new position in shares of Exelon in the 3rd quarter valued at $296,000. CHICAGO TRUST Co NA raised its position in Exelon by 13.8% during the fourth quarter. CHICAGO TRUST Co NA now owns 5,846 shares of the company’s stock worth $255,000 after acquiring an additional 707 shares during the period. Parkside Financial Bank & Trust raised its position in Exelon by 14.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,222 shares of the company’s stock worth $228,000 after acquiring an additional 667 shares during the period. L2 Asset Management LLC raised its position in Exelon by 7.2% during the fourth quarter. L2 Asset Management LLC now owns 5,086 shares of the company’s stock worth $222,000 after acquiring an additional 342 shares during the period. Finally, UMB Bank n.a. raised its position in Exelon by 24.6% during the fourth quarter. UMB Bank n.a. now owns 4,967 shares of the company’s stock worth $217,000 after acquiring an additional 980 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the subject of several recent analyst reports. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research note on Tuesday, April 21st. Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. UBS Group boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $50.47.

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.