Exelon (NASDAQ:EXC) Sets New 12-Month Low After Analyst Downgrade

Key Points

• Exelon shares hit a new 52-week low of $41.89 after Morgan Stanley cut its price target from $53 to $50 while maintaining an equal-weight rating.
• Analyst sentiment remains cautious: Exelon has a consensus “Hold” rating and an average price target of $49.87, with Truist also lowering its target to $48.
• Institutional investors increased their holdings during the second quarter, and the company maintains a quarterly dividend of $0.42 per share, representing a 4.0% yield.

Exelon Corporation (NASDAQ:EXC - Get Free Report) shares hit a new 52-week low during trading on Monday after Morgan Stanley lowered their price target on the stock from $53.00 to $50.00. Morgan Stanley currently has an equal weight rating on the stock. Exelon traded as low as $41.89 and last traded at $42.0420, with a volume of 462388 shares changing hands. The stock had previously closed at $42.07.

Several other brokerages also recently weighed in on EXC. Truist Financial lowered their price target on Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Weiss Ratings downgraded shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and an average price target of $49.87.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in Exelon by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 59,118 shares of the company's stock valued at $2,756,000 after buying an additional 3,462 shares during the last quarter. Tidal Investments LLC raised its position in Exelon by 0.3% during the 2nd quarter. Tidal Investments LLC now owns 70,360 shares of the company's stock worth $3,280,000 after buying an additional 243 shares during the last quarter. National Pension Service lifted its stake in Exelon by 2.9% during the 2nd quarter. National Pension Service now owns 1,719,934 shares of the company's stock valued at $80,183,000 after acquiring an additional 48,967 shares during the period. Cidel Asset Management Inc. lifted its stake in Exelon by 5.5% during the 2nd quarter. Cidel Asset Management Inc. now owns 11,312 shares of the company's stock valued at $527,000 after acquiring an additional 592 shares during the period. Finally, NorthRock Partners LLC boosted its holdings in shares of Exelon by 12.1% in the 2nd quarter. NorthRock Partners LLC now owns 7,320 shares of the company's stock valued at $341,000 after acquiring an additional 790 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

The firm has a market capitalization of $43.48 billion, a PE ratio of 15.39, a P/E/G ratio of 2.30 and a beta of 0.30. The firm's fifty day moving average price is $44.98 and its 200 day moving average price is $46.24. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Exelon's dividend payout ratio (DPR) is 61.54%.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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