Weiss Ratings Reaffirms Buy (B-) Rating for Exelon (NASDAQ:EXC)

Key Points

• Weiss Ratings has restated its "buy (B-)" rating for Exelon (NASDAQ:EXC), indicating ongoing investor confidence in the company.
• Exelon's recent earnings report showed a profit of $0.39 per share, surpassing analysts' expectations but reflecting a year-over-year revenue increase of only 1.2%.
• A consensus rating of "Hold" and a price target of $48.11 has been established by analysts, with mixed ratings from various firms over Exelon's stock performance.

Exelon (NASDAQ:EXC - Get Free Report)'s stock had its "buy (b-)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on the company. KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Evercore ISI initiated coverage on Exelon in a report on Monday. They issued an "outperform" rating and a $57.00 price target for the company. UBS Group restated a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, Morgan Stanley decreased their price target on Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.11.

Exelon Stock Down 0.4%

Shares of NASDAQ:EXC opened at $46.62 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon has a 1 year low of $35.94 and a 1 year high of $48.11. The stock has a market capitalization of $47.09 billion, a P/E ratio of 17.73, a PEG ratio of 2.74 and a beta of 0.40. The stock has a 50-day simple moving average of $44.32 and a 200-day simple moving average of $44.28.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts forecast that Exelon will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On Exelon

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Exelon by 1.6% during the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company's stock valued at $5,644,255,000 after purchasing an additional 2,075,014 shares during the period. State Street Corp boosted its position in Exelon by 4.0% during the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company's stock worth $2,782,260,000 after acquiring an additional 2,491,064 shares during the period. Geode Capital Management LLC raised its stake in shares of Exelon by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company's stock worth $1,209,229,000 after purchasing an additional 931,897 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after acquiring an additional 1,988,212 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock worth $729,777,000 after buying an additional 106,917 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

About Exelon

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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