Exelon (NASDAQ:EXC) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Exelon Corporation (NASDAQ:EXC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $45.63 and traded as high as $45.99. Exelon shares last traded at $45.65, with a volume of 7,414,157 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXC. BMO Capital Markets reduced their price objective on shares of Exelon from $47.00 to $45.00 and set a "market perform" rating on the stock in a research note on Thursday, October 22nd. KeyCorp raised shares of Exelon from an "underweight" rating to a "sector weight" rating and set a $41.00 target price for the company in a research note on Monday, October 12th. HSBC initiated coverage on Exelon in a report on Thursday, October 22nd. They issued a "hold" rating and a $44.00 price target for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research note on Tuesday, October 6th. Finally, Argus decreased their price objective on Exelon from $52.00 to $49.00 and set a "buy" rating on the stock in a report on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $48.33.

Exelon Trading Up 0.1%

The firm has a market capitalization of $47.24 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.52 and a beta of 0.24. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.03. The business has a fifty day moving average price of $43.08 and a 200 day moving average price of $45.63.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.08. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.76 billion. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. As a group, equities analysts forecast that Exelon Corporation will post 2.87 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 4th. Exelon's dividend payout ratio is 65.37%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EXC. BlackRock Inc. acquired a new stake in shares of Exelon in the second quarter worth $5,583,709,000. GQG Partners LLC acquired a new position in shares of Exelon during the 2nd quarter valued at $922,917,000. Legal & General Group Plc acquired a new position in shares of Exelon during the 2nd quarter valued at $602,760,000. Bank of New York Mellon Corp purchased a new stake in Exelon during the 2nd quarter worth $580,842,000. Finally, Deutsche Bank AG purchased a new stake in Exelon during the 2nd quarter worth $567,510,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Company Profile

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services.

The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.

Exelon separated its competitive power generation business, now known as Constellation Energy, in 2022.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.