Exelon (NASDAQ:EXC) Stock Rated “Hold” in New Coverage at HSBC

Investment analysts at HSBC started coverage on shares of Exelon (NASDAQ:EXC) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a “hold” rating and a $44.00 price target on the stock. HSBC’s target price would indicate a potential upside of 2.21% from the stock’s current price.

Several other research firms have also commented on EXC. Argus decreased their price target on shares of Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Truist Financial lowered their target price on shares of Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research report on Tuesday, October 6th. Barclays reduced their target price on shares of Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Morgan Stanley dropped their price objective on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Wednesday. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $48.06.

Exelon Price Performance

Shares of Exelon stock opened at $43.05 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon has a one year low of $39.73 and a one year high of $50.65. The stock has a market cap of $44.44 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.30. The stock has a 50 day moving average price of $42.87 and a 200-day moving average price of $45.07.

Exelon (NASDAQ:EXC) last released 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%. Exelon’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts expect that Exelon will post 2.86 EPS for the current year.

Institutional Investors Weigh In On Exelon

Institutional investors have recently modified their holdings of the company. SHP Wealth Management acquired a new position in shares of Exelon during the 4th quarter worth about $26,000. Eastern Bank acquired a new position in Exelon in the second quarter valued at approximately $26,000. Axiom Investment Management LLC acquired a new position in Exelon in the first quarter valued at approximately $27,000. Elevation Wealth Partners LLC increased its stake in Exelon by 440.0% in the second quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock valued at $28,000 after purchasing an additional 484 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new position in Exelon in the second quarter valued at approximately $29,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

About Exelon

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.