FY2024 EPS Estimates for Exelon Decreased by Seaport Res Ptn

Exelon Co. (NASDAQ:EXC - Free Report) - Equities researchers at Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for shares of Exelon in a note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will post earnings of $2.46 per share for the year, down from their previous estimate of $2.47. The consensus estimate for Exelon's current full-year earnings is $2.45 per share.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion during 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%. Exelon's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS.

Other research analysts also recently issued reports about the stock. UBS Group increased 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. Scotiabank boosted their target price on Exelon from $40.00 to $42.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price target for the company. Finally, Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Exelon presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Exelon Stock Up 1.8 %

NASDAQ:EXC traded up $0.66 during trading hours on Wednesday, hitting $38.19. The company's stock had a trading volume of 5,669,746 shares, compared to its average volume of 5,290,828. The stock has a market capitalization of $38.37 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock has a fifty day moving average of $38.05 and a 200-day moving average of $38.04. Exelon has a 52-week low of $33.35 and a 52-week high of $41.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American National Bank & Trust lifted 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 acquiring an additional 447 shares during the period. Abound Wealth Management raised its stake 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 during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Exelon in the 3rd quarter valued at about $32,000. Versant Capital Management Inc increased its holdings in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock valued at $39,000 after acquiring an additional 379 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Exelon during the second quarter worth about $41,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Dividend Announcement

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

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.