Exelon (NASDAQ:EXC) Price Target Lowered to $53.00 at Morgan Stanley

Exelon (NASDAQ:EXC) had its target price dropped by equities researchers at Morgan Stanley from $55.00 to $53.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 19.56% from the company’s current price.

Several other equities research analysts have also commented on the stock. TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Truist Financial decreased their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, KeyCorp dropped their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Exelon has a consensus rating of “Hold” and a consensus target price of $50.07.

Exelon Stock Down 1.6%

NASDAQ:EXC traded down $0.73 during trading hours on Friday, hitting $44.33. 1,820,576 shares of the company traded hands, compared to its average volume of 8,467,352. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The firm’s 50-day simple moving average is $46.30 and its 200-day simple moving average is $46.71. Exelon has a one year low of $42.58 and a one year high of $50.65. The company has a market cap of $45.76 billion, a PE ratio of 16.24, a PEG ratio of 2.74 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted 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 firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts predict that Exelon will post 2.86 earnings per share for the current year.

Institutional Investors Weigh In On Exelon

Several large investors have recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new position in Exelon during the fourth quarter worth about $25,000. Leonteq Securities AG purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc lifted its stake in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management bought a new position in Exelon in the 4th quarter worth approximately $26,000. Finally, Eastern Bank purchased a new position in Exelon in the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.