Morgan Stanley Issues Pessimistic Forecast for Exelon (NASDAQ:EXC) Stock Price

Key Points

• Morgan Stanley lowered Exelon’s price target from $55 to $53 while maintaining an “equal weight” rating, implying roughly 19.6% upside from the stock’s $44.33 price.
• Analyst sentiment remains cautious: Exelon has a consensus “Hold” rating, with 13 Holds, four Buys and one Sell, and an average price target of $50.07.
• Exelon’s latest quarterly earnings slightly missed expectations at $0.43 per share versus $0.44 forecast, although revenue rose 10% year over year to $5.97 billion; management set fiscal 2026 EPS guidance of $2.81–$2.91.

Exelon (NASDAQ:EXC - Get Free Report) had its target price cut by research analysts at Morgan Stanley from $55.00 to $53.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 19.56% from the stock's current price.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. TD Cowen decreased their price objective on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a report on Friday, May 15th. KeyCorp lowered their target price on Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research report on Wednesday, May 13th. Finally, Truist Financial dropped their price objective on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $50.07.

Exelon Price Performance

EXC traded down $0.73 on Friday, reaching $44.33. The stock had a trading volume of 1,820,576 shares, compared to its average volume of 8,467,352. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $45.76 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.74 and a beta of 0.31. Exelon has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The firm has a 50-day moving average of $46.30 and a 200-day moving average of $46.71.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS 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 firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts anticipate that Exelon will post 2.86 EPS for the current year.

Hedge Funds Weigh In On Exelon

A number of institutional investors have recently modified their holdings of the company. Caxton Associates LLP acquired a new position in Exelon during the first quarter worth $286,000. Woodline Partners LP increased its position in shares of Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company's stock worth $3,913,000 after acquiring an additional 24,580 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Exelon in the 2nd quarter worth about $2,448,000. Gamco Investors INC. ET AL acquired a new stake in shares of Exelon in the 2nd quarter worth about $645,000. Finally, Treasurer of the State of North Carolina lifted its position in Exelon by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock valued at $20,502,000 after acquiring an additional 14,240 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company's businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon's operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.

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