KeyCorp Estimates Exelon's FY2024 Earnings (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXC - Free Report) - Investment analysts at KeyCorp dropped their FY2024 earnings estimates for Exelon in a report released on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the company will post earnings of $2.41 per share for the year, down from their prior forecast of $2.42. The consensus estimate for Exelon's current full-year earnings is $2.45 per share. KeyCorp also issued estimates for Exelon's Q4 2024 earnings at $0.55 EPS and FY2026 earnings at $2.73 EPS.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company's quarterly revenue was up 2.9% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Finally, Barclays boosted their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Eleven research 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, Exelon currently has a consensus rating of "Hold" and a consensus target price of $41.25.

Exelon Trading Down 0.3 %

NASDAQ:EXC traded down $0.13 during trading hours on Friday, reaching $37.85. 6,946,412 shares of the company were exchanged, compared to its average volume of 6,666,199. The firm has a market cap of $38.03 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.72 and a beta of 0.54. The stock has a 50 day simple moving average of $39.43 and a 200 day simple moving average of $37.87. Exelon has a 52-week low of $33.35 and a 52-week high of $41.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Hedge Funds Weigh In On Exelon

A number of institutional investors have recently made changes to their positions in the business. American National Bank & Trust increased its stake in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after buying an additional 447 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the third quarter worth about $32,000. J.Safra Asset Management Corp acquired a new position in Exelon in the second quarter worth about $28,000. Abound Wealth Management increased its holdings in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company's stock valued at $31,000 after buying an additional 744 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Exelon during the 2nd quarter worth approximately $41,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 4.02%. Exelon's dividend payout ratio is presently 62.55%.

About Exelon

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.