KeyCorp Has Optimistic Outlook of Exelon Q4 Earnings

Exelon Co. (NASDAQ:EXC) – Stock analysts at KeyCorp raised their Q4 2024 EPS estimates for shares of Exelon in a report issued on Monday, October 21st. KeyCorp analyst S. Karp now anticipates that the company will post earnings per share of $0.58 for the quarter, up from their previous estimate of $0.53. The consensus estimate for Exelon’s current full-year earnings is $2.45 per share. KeyCorp also issued estimates for Exelon’s FY2025 earnings at $2.55 EPS, FY2026 earnings at $2.72 EPS, FY2027 earnings at $2.88 EPS and FY2028 earnings at $3.13 EPS.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period last year, the firm posted $0.41 EPS.

A number of other equities research analysts also recently commented on the stock. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. UBS Group boosted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley upped their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $40.74 on Thursday. The company has a market cap of $40.76 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The company has a 50-day simple moving average of $39.31 and a 200-day simple moving average of $37.57.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after buying an additional 156,201 shares in the last quarter. Czech National Bank grew its stake in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after purchasing an additional 15,389 shares in the last quarter. Sciencast Management LP bought a new position in Exelon in the first quarter valued at approximately $1,461,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Exelon in the first quarter valued at approximately $681,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. Exelon’s payout ratio is currently 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.