Exelon (NASDAQ:EXC) Price Target Raised to $52.00

Exelon (NASDAQ:EXC) had its price objective upped by BMO Capital Markets from $51.00 to $52.00 in a research report released on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research firms have also recently commented on EXC. Morgan Stanley reissued an “underperform” rating and set a $51.00 target price on shares of Exelon in a research note on Wednesday, January 21st. 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. KeyCorp lifted their price objective on Exelon from $39.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, March 4th. Mizuho boosted their price objective on Exelon from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.47.

Exelon Price Performance

Shares of EXC opened at $49.33 on Thursday. Exelon has a fifty-two week low of $41.71 and a fifty-two week high of $50.65. The firm’s 50 day moving average price is $47.50 and its 200 day moving average price is $45.96. The company has a market cap of $50.47 billion, a P/E ratio of 18.07, a PEG ratio of 2.87 and a beta of 0.41. 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 quarterly earnings results on Thursday, February 12th. The company reported $0.59 EPS 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%. Exelon’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts forecast that Exelon will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.42 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Sowell Financial Services LLC boosted its holdings in Exelon by 1.1% in the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock valued at $923,000 after purchasing an additional 215 shares in the last quarter. Plimoth Trust Co. LLC raised its holdings in Exelon by 1.8% during the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock worth $569,000 after purchasing an additional 230 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Exelon by 2.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock worth $376,000 after buying an additional 233 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Exelon by 5.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 4,965 shares of the company’s stock valued at $223,000 after buying an additional 236 shares in the last quarter. Finally, Waterloo Capital L.P. boosted its holdings in shares of Exelon by 2.7% in the 3rd quarter. Waterloo Capital L.P. now owns 9,075 shares of the company’s stock valued at $408,000 after buying an additional 236 shares in the last quarter. Hedge funds and other 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.