Exelon (NASDAQ:EXC) Now Covered by Analysts at HSBC

Key Points

• HSBC initiated coverage of Exelon with a “hold” rating and a $44 price target, implying approximately 2.21% upside from the stock’s current price.
• Analyst sentiment remains cautious: Exelon has an average “Hold” rating and a consensus price target of $48.06, with 14 analysts rating it Hold versus four assigning Buy ratings.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but EPS of $0.43 narrowly missed estimates. Institutional investors own approximately 80.92% of the company.

Research analysts at HSBC started coverage on shares of Exelon (NASDAQ:EXC - Get Free Report) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a "hold" rating and a $44.00 price target on the stock. HSBC's price target would indicate a potential upside of 2.21% from the stock's current price.

EXC has been the topic of a number of other research reports. KeyCorp raised shares of Exelon from an "underweight" rating to a "sector weight" rating in a research note on Monday, October 12th. JPMorgan Chase & Co. reduced their target price on shares of Exelon from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays decreased their price target on Exelon from $49.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday. Morgan Stanley reduced their price target on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Exelon in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $48.06.

Exelon Price Performance

Shares of EXC opened at $43.05 on Thursday. The company has a market capitalization of $44.44 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 2.35 and a beta of 0.30. Exelon has a fifty-two week low of $39.73 and a fifty-two week 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 business's 50-day moving average is $42.87 and its 200-day moving average is $45.07.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 10.99% and a return on equity of 9.81%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts expect that Exelon will post 2.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXC. Assenagon Asset Management S.A. raised its holdings in shares of Exelon by 133.9% during the second quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company's stock valued at $23,569,000 after purchasing an additional 289,436 shares during the last quarter. Amundi raised its stake in Exelon by 1.3% during the 2nd quarter. Amundi now owns 10,506,650 shares of the company's stock worth $489,809,000 after acquiring an additional 130,712 shares during the period. AXQ Capital LP bought a new position in shares of Exelon in the second quarter worth approximately $1,345,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Exelon by 8.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 308,405 shares of the company's stock worth $14,378,000 after purchasing an additional 24,885 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new stake in shares of Exelon in the second quarter worth $6,894,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Company Profile

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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