Truist Financial Issues Positive Forecast for Exelon (NASDAQ:EXC) Stock Price

Exelon (NASDAQ:EXC) had its price objective upped by equities research analysts at Truist Financial from $49.00 to $50.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 8.00% from the stock’s current price.

Several other brokerages have also recently issued reports on EXC. Citigroup assumed coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective on the stock. Mizuho set a $48.00 price target on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research report on Tuesday, April 21st. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $50.00 in a research note on Monday, April 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.33.

Exelon Stock Performance

Exelon stock traded up $0.56 during midday trading on Thursday, hitting $46.30. 2,347,133 shares of the company’s stock were exchanged, compared to its average volume of 8,637,205. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The stock has a market cap of $47.37 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.72 and a beta of 0.31. Exelon has a 12-month low of $42.58 and a 12-month high of $50.65. The firm’s 50 day simple moving average is $45.82 and its 200 day simple moving average is $46.35.

Exelon (NASDAQ:EXC) last announced its 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 net margin of 11.21% and a return on equity of 9.83%. The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The business’s 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. Equities research analysts predict that Exelon will post 2.86 EPS for the current year.

Institutional Trading of Exelon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. Nordea Investment Management AB raised its stake in Exelon by 14.6% during the fourth quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock worth $352,397,000 after acquiring an additional 1,024,106 shares during the period. ASR Vermogensbeheer N.V. boosted its stake in Exelon by 28.4% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after acquiring an additional 60,250 shares during the period. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Exelon by 26.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Exelon by 19.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after purchasing an additional 93,682 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Exelon in the 3rd quarter worth approximately $7,935,000. Hedge funds and other institutional investors 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.