Exelon Co. (NASDAQ:EXC - Free Report) - Zacks Research cut their Q2 2024 earnings estimates for shares of Exelon in a research report issued on Monday, April 8th. Zacks Research analyst J. Saha now expects that the company will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.49. The consensus estimate for Exelon's current full-year earnings is $2.41 per share. Zacks Research also issued estimates for Exelon's Q4 2024 earnings at $0.58 EPS, Q1 2025 earnings at $0.71 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $2.60 EPS, Q1 2026 earnings at $0.74 EPS and FY2026 earnings at $2.81 EPS.
Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $3.87 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm's quarterly revenue was up 15.0% on a year-over-year basis.
Other analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Exelon from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Thursday, February 22nd. Mizuho upgraded shares of Exelon from a "neutral" rating to a "buy" rating and upped their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Morgan Stanley lowered shares of Exelon from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $45.00 to $38.00 in a research report on Monday, December 18th. Evercore ISI lowered shares of Exelon from an "outperform" rating to an "in-line" rating in a research report on Friday, December 15th. Finally, JPMorgan Chase & Co. lowered shares of Exelon from an "overweight" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.09.
Get Our Latest Stock Report on Exelon
Exelon Stock Performance
Shares of EXC traded up $0.09 during mid-day trading on Tuesday, hitting $37.87. 3,782,749 shares of the company traded hands, compared to its average volume of 6,907,768. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a 50-day moving average price of $36.04 and a two-hundred day moving average price of $37.19. Exelon has a 1 year low of $33.35 and a 1 year high of $43.71. The stock has a market cap of $37.85 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 2.72 and a beta of 0.54.
Exelon Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Exelon's previous quarterly dividend of $0.36. Exelon's dividend payout ratio (DPR) is currently 65.24%.
Hedge Funds Weigh In On Exelon
A number of institutional investors have recently bought and sold shares of EXC. SVB Wealth LLC grew its position in shares of Exelon by 2.9% in the 1st quarter. SVB Wealth LLC now owns 7,714 shares of the company's stock worth $367,000 after acquiring an additional 219 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Exelon by 1.4% in the first quarter. NewEdge Advisors LLC now owns 18,411 shares of the company's stock valued at $775,000 after buying an additional 248 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Exelon by 3.9% during the first quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company's stock valued at $310,000 after purchasing an additional 266 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company's stock valued at $31,000 after purchasing an additional 276 shares during the last quarter. Finally, MCF Advisors LLC lifted its stake in Exelon by 10.5% in the 3rd quarter. MCF Advisors LLC now owns 2,936 shares of the company's stock worth $111,000 after acquiring an additional 278 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.
About Exelon
(
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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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