Argus Cuts Exelon (NASDAQ:EXC) Price Target to $49.00

Key Points

• Argus lowered Exelon’s price target from $52 to $49 while maintaining a “buy” rating, implying approximately 16.7% upside from the stock’s $41.98 price.
• Analyst sentiment is mixed: Exelon has an overall “Hold” consensus, with five Buy, thirteen Hold, and one Sell rating; the average price target is $49.81.
• Exelon’s latest quarterly earnings slightly missed estimates at $0.43 per share, though revenue rose 10% year over year to $5.97 billion. Institutional investors own approximately 80.92% of the company’s shares.

Exelon (NASDAQ:EXC - Get Free Report) had its price objective dropped by research analysts at Argus from $52.00 to $49.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Argus' price target points to a potential upside of 16.72% from the company's current price.

A number of other brokerages have also weighed in on EXC. Truist Financial reduced their price target on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Morgan Stanley dropped their target price on Exelon from $53.00 to $50.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exelon presently has an average rating of "Hold" and a consensus price target of $49.81.

Exelon Stock Down 0.2%

Shares of NASDAQ EXC opened at $41.98 on Tuesday. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.30. Exelon has a 52 week low of $41.84 and a 52 week high of $50.65. The firm has a 50-day moving average price of $44.87 and a 200 day moving average price of $46.19. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts anticipate that Exelon will post 2.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Exelon

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Exelon in the second quarter valued at approximately $5,583,709,000. Lazard Asset Management LLC raised its holdings in shares of Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock worth $1,206,887,000 after purchasing an additional 1,490,251 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company's stock valued at $913,853,000 after acquiring an additional 595,655 shares during the last quarter. GQG Partners LLC purchased a new position in Exelon in the 2nd quarter worth about $922,917,000. Finally, Capital International Investors acquired a new stake in shares of Exelon during the fourth quarter valued at approximately $738,333,000. 80.92% of the stock is currently owned by institutional investors.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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