Exelon Corporation (NASDAQ:EXC) shares traded 0.33% higher at $39.39 on Wall Street last session.
In accordance with the data, 16 analysts cover Exelon Corporation (NASDAQ:EXC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $44.00, we find $46.50. Given the previous closing price of $39.26, this indicates a potential upside of 18.44 percent. EXC stock price is now -6.12% away from the 50-day moving average and -5.42% away from the 200-day moving average. The market capitalization of the company currently stands at $39.86B.
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It has been rated a hold by 7 analysts and a buy by 9. Brokers who have rated the stock have averaged $46.58 as their price target over the next twelve months.
On October 03, 2022, Credit Suisse recently initiated its ‘Outperform’ rating on the stock quoting a target price of $43, while ‘JP Morgan’ rates the stock as ‘Overweight’.
In other news, Khouzami Carim V, CEO Baltimore Gas & Elec. sold 6,000 shares of the company’s stock on Mar 17. The stock was sold for $249,900 at an average price of $41.65. Upon completion of the transaction, the CEO Baltimore Gas & Elec. now directly owns 4,498 shares in the company, valued at $0.18 million. Insiders disposed of 177,750 shares of company stock worth roughly $7.0 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EXC stock. A new stake in Exelon Corporation shares was purchased by CEREDEX VALUE ADVISORS LLC during the first quarter worth $51,540,000. COANN CAPITAL LLC invested $13,557,000 in shares of EXC during the first quarter. In the first quarter, JEFFERIES FINANCIAL GROUP INC. acquired a new stake in Exelon Corporation valued at approximately $12,457,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in EXC for approximately $11,146,000. CRESTLINE MANAGEMENT, LP purchased a new stake in EXC valued at around $10,478,000 in the second quarter. In total, there are 1,402 active investors with 83.90% ownership of the company’s stock.
Exelon Corporation (NASDAQ: EXC) opened at $39.10 on Thursday. During the past 12 months, Exelon Corporation has had a low of $35.19 and a high of $49.86. As of last week, the company has a debt-to-equity ratio of 1.67, a current ratio of 1.00, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $83.80B, which is based on a 17.41 price-to-earnings ratio, a 1.09 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for EXC is $41.92 and a two-hundred day moving average price translates $41.61 for the stock.
The latest earnings results from Exelon Corporation (NASDAQ: EXC) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.7, beating analysts’ expectations of $0.66 by 0.04. This compares to $0.61 EPS in the same period last year. The net profit margin was 11.60% and return on equity was 9.10% for EXC. The company reported revenue of $5.56 billion for the quarter, compared to $5.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.43 percent. For the current quarter, analysts expect EXC to generate $4.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/09/2023. Investors who held shares on 05/15/2023 were paid a $0.36 dividend. On an annualized basis, this represents a $1.44 dividend and a 3.66% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, EXC is presently at 60.60%.
Exelon Corporation(EXC) 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. It also offers support services, including legal, human resources, information technology, supply management, financial, engineering, customer operations, distribution and transmission planning, asset management, system operations, and power procurement services. It serves distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.
