Exelon (NASDAQ:EXC) Given New $46.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Exelon’s price target to $46 from $47 while maintaining a neutral rating, implying approximately 8.46% upside from the prior close.
• Analyst sentiment remains cautious: Exelon has a consensus “Hold” rating and an average price target of $48.40, with 14 Holds versus four Buys.
• Shares fell to $42.41, while Exelon’s latest quarterly results narrowly missed EPS estimates despite revenue exceeding expectations; institutional investors own approximately 80.92% of the stock.

Exelon (NASDAQ:EXC - Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $47.00 to $46.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 8.46% from the company's previous close.

Other research analysts also recently issued reports about the company. Truist Financial decreased their price target on Exelon from $48.00 to $46.00 and set a "hold" rating for the company in a report on Friday. Argus lowered their price target on shares of Exelon from $52.00 to $49.00 and set a "buy" rating on the stock in a report on Tuesday, September 22nd. Barclays cut their price objective on shares of Exelon from $49.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday. Morgan Stanley lowered their target price on shares of Exelon from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Friday, September 18th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Exelon in a research report on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.40.

Exelon Stock Performance

EXC traded down $1.09 during trading on Monday, reaching $42.41. 5,949,113 shares of the company's stock were exchanged, compared to its average volume of 8,330,782. Exelon has a 1 year low of $39.73 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market capitalization of $43.78 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 2.38 and a beta of 0.30. The company's fifty day simple moving average is $42.99 and its 200-day simple moving average is $45.21.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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 business 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 firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts predict that Exelon will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Exelon

A number of institutional investors and hedge funds have recently modified their holdings of EXC. IFP Advisors Inc boosted its holdings in shares of Exelon by 21.3% in the third quarter. IFP Advisors Inc now owns 5,804 shares of the company's stock valued at $234,000 after acquiring an additional 1,018 shares in the last quarter. Avail Investment Partners LLC lifted its holdings in Exelon by 21.3% in the third quarter. Avail Investment Partners LLC now owns 10,087 shares of the company's stock valued at $408,000 after acquiring an additional 1,771 shares during the period. Mosley Wealth Management lifted its holdings in Exelon by 55.9% in the third quarter. Mosley Wealth Management now owns 812 shares of the company's stock valued at $34,000 after acquiring an additional 291 shares during the period. Pension & Wealth Management Advisors Inc. boosted its position in shares of Exelon by 86.4% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 2,192 shares of the company's stock worth $89,000 after purchasing an additional 1,016 shares in the last quarter. Finally, Howard Capital Management LLC boosted its position in shares of Exelon by 149.6% during the 3rd quarter. Howard Capital Management LLC now owns 173,727 shares of the company's stock worth $7,019,000 after purchasing an additional 104,125 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon's utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.

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