FY2024 EPS Estimates for Exelon Decreased by Seaport Res Ptn

Exelon Co. (NASDAQ:EXC) – Analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for Exelon in a research note issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will post earnings of $2.46 per share for the year, down from their previous forecast of $2.47. The consensus estimate for Exelon’s current full-year earnings is $2.45 per share.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Barclays upped their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank boosted their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $42.00.

Exelon Stock Performance

Shares of EXC opened at $37.53 on Wednesday. Exelon has a one year low of $33.35 and a one year high of $41.19. The firm has a market capitalization of $37.71 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The company has a 50-day simple moving average of $38.05 and a two-hundred day simple moving average of $38.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the business posted $0.67 EPS. Exelon’s quarterly revenue was up 2.9% compared to the same quarter last year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s payout ratio is currently 62.55%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. American National Bank & Trust raised its position in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares during the period. Abound Wealth Management lifted its position in Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the third quarter valued at about $32,000. Versant Capital Management Inc raised its stake in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after buying an additional 379 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Exelon during the 2nd quarter valued at about $41,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.