Exelon (NASDAQ:EXC) Stock Price Target Cut by Morgan Stanley

Key Points

• Morgan Stanley lowered Exelon’s price target from $50 to $49 while maintaining an “equal weight” rating, implying approximately 13.36% upside from the current price.
• Analyst sentiment remains cautious: Exelon has an average “Hold” rating and a consensus price target of $48.33, with four Buy ratings and thirteen Hold ratings.
• Exelon shares traded at $43.23, while the company’s latest quarter showed revenue growth of 10% year over year but earnings of $0.43 per share, slightly below estimates.

Exelon (NASDAQ:EXC - Get Free Report) had its price objective lowered by analysts at Morgan Stanley from $50.00 to $49.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 13.36% from the stock's current price.

Several other research firms have also recently commented on EXC. Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research note on Tuesday, October 6th. Barclays lowered their target price on Exelon from $49.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday. Argus cut their price target on Exelon from $52.00 to $49.00 and set a "buy" rating on the stock in a research note on Tuesday, September 22nd. KeyCorp upgraded Exelon from an "underweight" rating to a "sector weight" rating in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Exelon from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $48.33.

Exelon Price Performance

EXC traded up $0.20 during trading on Wednesday, hitting $43.23. The company's stock had a trading volume of 1,357,609 shares, compared to its average volume of 8,288,465. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $44.62 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.32 and a beta of 0.30. The firm's 50 day moving average price is $42.92 and its two-hundred day moving average price is $45.12. Exelon has a 12 month low of $39.73 and a 12 month high of $50.65.

Exelon (NASDAQ:EXC - Get Free Report) last announced its 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). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the business posted $0.39 earnings per share. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts forecast that Exelon will post 2.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of Exelon by 133.9% in 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 grew its position in Exelon by 1.3% in the 2nd quarter. Amundi now owns 10,506,650 shares of the company's stock worth $489,809,000 after purchasing an additional 130,712 shares in the last quarter. AXQ Capital LP bought a new stake in Exelon in the 2nd quarter worth about $1,345,000. Envestnet Portfolio Solutions Inc. grew its position in Exelon by 8.8% in the 2nd 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 Exelon in the 2nd quarter valued at about $6,894,000. 80.92% of the stock is currently owned by institutional investors.

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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