KeyCorp Forecasts Exelon’s Q4 Earnings (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXC) – Investment analysts at KeyCorp boosted their Q4 2024 EPS estimates for Exelon in a research note issued to investors on Monday, October 21st. KeyCorp analyst S. Karp now anticipates that the company will earn $0.58 per share for the quarter, up from their prior 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 released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm earned $0.41 EPS.

Other research analysts also recently issued research reports about the stock. 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. Morgan Stanley upped their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.33.

Exelon Stock Down 1.6 %

EXC opened at $40.07 on Thursday. Exelon has a twelve month low of $33.35 and a twelve month high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $39.45 and a 200 day moving average price of $37.61. The company has a market cap of $40.07 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.79%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Institutional Trading of Exelon

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Clearbridge Investments LLC boosted its position in shares of Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares during the period. Czech National Bank boosted its position in shares of Exelon by 8.8% during the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after purchasing an additional 15,389 shares during the period. Sciencast Management LP purchased a new position in shares of Exelon during the 1st quarter worth approximately $1,461,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Exelon during the 1st quarter worth approximately $681,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

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.