Exelon (NASDAQ:EXC) Hits New 52-Week High - Time to Buy?

Key Points

• Exelon Corporation's stock reached a new 52-week high of $48.20, indicating strong market performance with a trading volume of approximately 1.9 million shares.
• Analysts have mixed ratings on Exelon, with target prices ranging from $42.00 to $57.00 and a consensus average rating of "Hold".
• The company recently declared a quarterly dividend of $0.40, representing a yield of 3.3%, with a payout ratio of 60.84%.

Exelon Corporation (NASDAQ:EXC - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $48.20 and last traded at $48.15, with a volume of 1914648 shares changing hands. The stock had previously closed at $47.78.

Analyst Upgrades and Downgrades

EXC has been the topic of several research analyst reports. Jefferies Financial Group set a $57.00 target price on Exelon in a research note on Wednesday, October 15th. TD Cowen initiated coverage on Exelon in a research note on Thursday. They set a "hold" rating and a $49.00 target price on the stock. Evercore ISI began coverage on Exelon in a research note on Monday, October 6th. They set an "outperform" rating and a $57.00 target price on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research note on Wednesday, October 8th. Finally, KeyCorp upped their target price on Exelon from $37.00 to $42.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $50.00.

Exelon Stock Performance

The stock has a market capitalization of $48.72 billion, a P/E ratio of 18.34, a PEG ratio of 2.96 and a beta of 0.40. The firm has a 50-day moving average of $44.63 and a 200 day moving average of $44.38. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's dividend payout ratio (DPR) is 60.84%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Miracle Mile Advisors LLC raised its stake in Exelon by 13.6% during the third quarter. Miracle Mile Advisors LLC now owns 7,327 shares of the company's stock worth $330,000 after acquiring an additional 875 shares in the last quarter. Masso Torrence Wealth Management Inc. acquired a new position in Exelon during the third quarter worth $202,000. Ascent Group LLC increased its stake in shares of Exelon by 28.4% in the third quarter. Ascent Group LLC now owns 38,628 shares of the company's stock valued at $1,739,000 after buying an additional 8,544 shares in the last quarter. Strategic Planning Inc. increased its stake in shares of Exelon by 0.9% in the third quarter. Strategic Planning Inc. now owns 50,888 shares of the company's stock valued at $2,290,000 after buying an additional 433 shares in the last quarter. Finally, Segment Wealth Management LLC increased its stake in shares of Exelon by 3.8% in the third quarter. Segment Wealth Management LLC now owns 10,706 shares of the company's stock valued at $482,000 after buying an additional 391 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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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