Exelon Co. to Post FY2024 Earnings of $2.42 Per Share, Zacks Research Forecasts (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXC - Free Report) - Stock analysts at Zacks Research cut their FY2024 earnings estimates for shares of Exelon in a research note issued to investors on Monday, April 8th. Zacks Research analyst J. Saha now expects that the company will earn $2.42 per share for the year, down from their prior forecast of $2.44. The consensus estimate for Exelon's current full-year earnings is $2.41 per share. Zacks Research also issued estimates for Exelon's Q2 2025 earnings at $0.51 EPS.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $3.87 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm's revenue was up 15.0% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Exelon from an "overweight" rating to a "neutral" rating and set a $41.00 price target for the company. in a research report on Monday, December 18th. StockNews.com raised shares of Exelon from a "sell" rating to a "hold" rating in a research report on Monday, March 25th. UBS Group cut shares of Exelon from a "buy" rating to a "neutral" rating and dropped their price target for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Royal Bank of Canada dropped their price target on shares of Exelon from $45.00 to $38.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 19th. Finally, Seaport Res Ptn cut shares of Exelon from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $39.09.

Exelon Trading Down 2.5 %

Shares of Exelon stock traded down $0.96 during trading on Wednesday, reaching $36.91. The company's stock had a trading volume of 5,370,234 shares, compared to its average volume of 6,885,484. Exelon has a 52-week low of $33.35 and a 52-week high of $43.71. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 2.76 and a beta of 0.54. The firm's 50-day moving average is $36.08 and its two-hundred day moving average is $37.19. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Exelon Increases Dividend

The firm 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 dividend yield of 4.12%. This is a positive change from Exelon's previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. Exelon's dividend payout ratio (DPR) is presently 65.24%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXC. Heritage Wealth Advisors increased its stake in shares of Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company's stock worth $25,000 after acquiring an additional 495 shares in the last quarter. Antonetti Capital Management LLC increased its stake in Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company's stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Addison Advisors LLC increased its stake in Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company's stock valued at $31,000 after purchasing an additional 276 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in Exelon during the 3rd quarter valued at about $31,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Exelon during the 4th quarter valued at about $34,000. 80.92% of the stock is currently owned by 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.