Equities Analysts Issue Forecasts for Exelon FY2024 Earnings

Exelon Co. (NASDAQ:EXC) – Equities researchers at Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of Exelon in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $2.47 per share for the year, up from their previous forecast of $2.44. Scotiabank has a “Sector Perform” rating and a $42.00 price objective on the stock. The consensus estimate for Exelon’s current full-year earnings is $2.45 per share. Scotiabank also issued estimates for Exelon’s FY2026 earnings at $2.75 EPS.

EXC has been the topic of a number of other research reports. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.00.

Exelon Trading Up 1.8 %

Shares of Exelon stock opened at $38.19 on Friday. The firm’s 50 day moving average is $38.00 and its 200 day moving average is $38.04. The firm has a market capitalization of $38.37 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. Exelon has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

Institutional Trading of Exelon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXC. American National Bank & Trust boosted its position in shares of Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. Abound Wealth Management boosted its holdings in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the 3rd quarter worth approximately $32,000. Versant Capital Management Inc grew its position in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after buying an additional 379 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Exelon in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.