Exelon (NASDAQ:EXC) Earns Hold Rating from Analysts at TD Cowen

Key Points

• TD Cowen has initiated coverage of Exelon with a "hold" rating and a price target of $49.00, indicating a potential upside of 2.45% from its current price.
• Other analysts have differing ratings for Exelon, with targets ranging from $50.00 to $57.00, suggesting a mix of conservative and optimistic outlooks.
• Exelon reported $0.39 EPS for its last quarter, exceeding estimates, but noted a slight year-over-year revenue increase of 1.2% to $5.43 billion.

Equities research analysts at TD Cowen assumed coverage on shares of Exelon (NASDAQ:EXC - Get Free Report) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set a "hold" rating and a $49.00 price target on the stock. TD Cowen's price objective would indicate a potential upside of 2.45% from the stock's current price.

Other equities analysts have also issued reports about the stock. Evercore ISI started coverage on shares of Exelon in a report on Monday, October 6th. They set an "outperform" rating and a $57.00 target price for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Exelon in a report on Wednesday, October 8th. Jefferies Financial Group set a $57.00 price target on Exelon in a research report on Wednesday. UBS Group boosted their price objective on Exelon from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. Finally, Barclays upped their price objective on shares of Exelon from $48.00 to $52.00 and gave the company an "overweight" rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Exelon presently has an average rating of "Hold" and a consensus target price of $50.00.

Exelon Stock Up 0.9%

NASDAQ:EXC opened at $47.83 on Thursday. The company has a market cap of $48.31 billion, a PE ratio of 18.19, a P/E/G ratio of 2.93 and a beta of 0.40. Exelon has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company's 50 day moving average is $44.55 and its two-hundred day moving average is $44.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the firm posted $0.47 EPS. Exelon's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts anticipate that Exelon will post 2.64 EPS for the current year.

Institutional Trading of Exelon

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Providence Wealth Advisors LLC increased its stake in shares of Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after buying an additional 217 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. Manchester Capital Management LLC increased its stake in Exelon by 11.6% in the second quarter. Manchester Capital Management LLC now owns 2,164 shares of the company's stock valued at $94,000 after purchasing an additional 225 shares during the last quarter. CWM LLC lifted its position in shares of Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock worth $1,556,000 after buying an additional 226 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Exelon by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company's stock worth $1,512,000 after buying an additional 226 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.

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