Exelon (NASDAQ:EXC) Price Target Lowered to $49.00 at Morgan Stanley

Key Points

• Morgan Stanley has lowered its target price for Exelon from $50.00 to $49.00, maintaining an "equal weight" rating, which indicates a potential upside of 11.63% from the stock's previous close.
• Exelon recently reported quarterly earnings with earnings per share (EPS) of $0.39, surpassing analysts' expectations of $0.37, but revenue fell short of projections at $5.43 billion.
• Institutional investors hold 80.92% of Exelon's stock, with significant recent increases in holdings by firms such as Edgestream Partners and Arizona State Retirement System.

Exelon (NASDAQ:EXC - Get Free Report) had its target price reduced by research analysts at Morgan Stanley from $50.00 to $49.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 11.63% from the stock's previous close.

A number of other research firms have also issued reports on EXC. UBS Group restated a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp reduced their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $47.44.

Exelon Price Performance

NASDAQ EXC traded down $0.34 during trading hours on Thursday, reaching $43.90. The company's stock had a trading volume of 1,508,563 shares, compared to its average volume of 7,073,609. The stock has a market cap of $44.33 billion, a PE ratio of 16.71, a PEG ratio of 2.59 and a beta of 0.41. Exelon has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company's 50-day moving average is $44.04 and its two-hundred day moving average is $44.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Edgestream Partners L.P. raised its holdings in Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after buying an additional 150,876 shares during the period. Arizona State Retirement System grew its position in Exelon by 3.6% in the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after acquiring an additional 10,176 shares in the last quarter. Cerity Partners LLC grew its position in Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after acquiring an additional 63,009 shares in the last quarter. Intech Investment Management LLC grew its position in Exelon by 24.6% in the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company's stock valued at $2,054,000 after acquiring an additional 8,809 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Exelon in the first quarter valued at approximately $47,789,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

About Exelon

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.