Exelon (NASDAQ:EXC) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Exelon (NASDAQ:EXC) had its target price lowered by JPMorgan Chase & Co. from $47.00 to $46.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also commented on the company. Truist Financial decreased their price objective on Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, October 16th. Argus dropped their target price on Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. KeyCorp raised shares of Exelon from an “underweight” rating to a “sector weight” rating in a research report on Monday, October 12th. Finally, Barclays decreased their price target on shares of Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.33.

Exelon Trading Up 0.0%

Shares of EXC stock opened at $43.05 on Monday. Exelon has a 12-month low of $39.73 and a 12-month high of $50.65. The company has a market capitalization of $44.44 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.30. The firm has a 50 day moving average price of $42.87 and a two-hundred day moving average price of $45.07. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, July 30th. The company reported $0.43 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 analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. Exelon’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, analysts predict that Exelon will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, September 4th. Exelon’s payout ratio is presently 61.54%.

Institutional Investors Weigh In On Exelon

Institutional investors have recently made changes to their positions in the stock. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Exelon in the 3rd quarter valued at $444,000. Axxcess Wealth Management LLC lifted its position in shares of Exelon by 24.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 11,056 shares of the company’s stock valued at $447,000 after acquiring an additional 2,142 shares during the period. Uncommon Cents Investing Inc lifted its position in shares of Exelon by 6.0% during the 3rd quarter. Uncommon Cents Investing Inc now owns 31,080 shares of the company’s stock valued at $1,256,000 after acquiring an additional 1,770 shares during the period. Integrated Advisors Network LLC grew its holdings in shares of Exelon by 11.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 16,872 shares of the company’s stock worth $682,000 after purchasing an additional 1,687 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Exelon by 16.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,558,822 shares of the company’s stock worth $224,576,000 after purchasing an additional 781,917 shares in the last quarter. 80.92% of the stock is currently owned by 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.