FY2024 EPS Estimates for Exelon Decreased by Seaport Res Ptn

Exelon Co. (NASDAQ:EXC) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for shares of Exelon in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will post earnings per share of $2.46 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.

Exelon (NASDAQ:EXC) last posted its quarterly 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. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share.

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

Exelon Stock Up 1.8 %

Exelon stock opened at $38.19 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $38.37 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.63 and a beta of 0.55. The firm has a 50 day moving average price of $38.02 and a 200-day moving average price of $38.04. Exelon has a twelve month low of $33.35 and a twelve month high of $41.19.

Institutional Investors Weigh In On Exelon

Institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank & Trust increased its stake in Exelon by 178.8% in the 3rd 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 last quarter. Abound Wealth Management increased its position in shares of Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Exelon in the third quarter valued at approximately $32,000. Versant Capital Management Inc lifted its position in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Exelon in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Exelon Company Profile

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.