Truist Financial Issues Pessimistic Forecast for Exelon (NASDAQ:EXC) Stock Price

Key Points

• Truist Financial lowered Exelon’s price target from $48 to $46 while maintaining a “hold” rating, implying 6.8% upside from the prior close.
• Analyst sentiment remains cautious: Exelon has a consensus “hold” rating, with 14 holds and four buys, and an average price target of $49.20.
• Exelon reported quarterly EPS of $0.43, slightly below expectations, but revenue of $5.97 billion exceeded estimates and rose 10% year over year; institutional investors own 80.92% of the stock.

Exelon (NASDAQ:EXC - Get Free Report) had its price target cut by Truist Financial from $48.00 to $46.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential upside of 6.80% from the company's previous close.

EXC has been the topic of a number of other reports. KeyCorp raised Exelon from an "underweight" rating to a "sector weight" rating in a research note on Monday. Morgan Stanley decreased their price target on Exelon from $53.00 to $50.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a report on Tuesday, October 6th. Finally, Argus lowered their target price on shares of Exelon from $52.00 to $49.00 and set a "buy" rating for the company in a research note on Tuesday, September 22nd. Four research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $49.20.

Exelon Stock Performance

Shares of EXC stock traded up $0.59 during midday trading on Friday, hitting $43.07. 585,782 shares of the company were exchanged, compared to its average volume of 8,323,147. The firm's 50 day moving average price is $43.04 and its two-hundred day moving average price is $45.25. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $44.46 billion, a P/E ratio of 15.77, a PEG ratio of 2.33 and a beta of 0.30. Exelon has a 52 week low of $39.73 and a 52 week high of $50.65.

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

Hedge Funds Weigh In On Exelon

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Exelon in the 2nd quarter worth approximately $5,583,709,000. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 6.4% in the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock worth $1,206,887,000 after buying an additional 1,490,251 shares in the last quarter. GQG Partners LLC bought a new position in shares of Exelon in the second quarter valued at approximately $922,917,000. Legal & General Group Plc bought a new stake in Exelon during the 2nd quarter worth approximately $602,760,000. Finally, Bank of New York Mellon Corp bought a new stake in Exelon during the 2nd quarter worth approximately $580,842,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a regulated utility holding company focused on the transmission and distribution of electricity and the delivery of natural gas. Through its operating companies, Exelon provides energy delivery, infrastructure, grid modernization, reliability, and related customer services rather than operating a competitive power-generation business.

Exelon's six principal utilities are Commonwealth Edison (ComEd) in Illinois; PECO in Pennsylvania; Baltimore Gas and Electric (BGE) in Maryland; Delmarva Power in Delaware and Maryland; Atlantic City Electric in New Jersey; and Pepco in Washington, DC, and Maryland.

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