Exelon (NASDAQ:EXC) Updates FY 2022 Earnings Guidance

Exelon (NASDAQ:EXCGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.18-$2.32 for the period, compared to the consensus earnings per share estimate of $2.26. The company issued revenue guidance of -.

EXC has been the topic of a number of recent analyst reports. Wells Fargo & Company cut shares of Exelon from an overweight rating to an equal weight rating and lowered their price target for the company from $65.00 to $45.00 in a report on Thursday, February 3rd. Zacks Investment Research raised shares of Exelon from a sell rating to a hold rating and set a $53.00 price target on the stock in a report on Tuesday, April 12th. Scotiabank lowered Exelon from a sector outperform rating to a sector perform rating and decreased their price objective for the company from $55.00 to $44.00 in a report on Monday, February 7th. Barclays began coverage on Exelon in a research report on Monday, February 7th. They issued an equal weight rating and a $46.00 price objective for the company. Finally, KeyCorp upped their target price on Exelon from $51.00 to $53.00 and gave the company an overweight rating in a research report on Wednesday, April 20th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $48.17.

NASDAQ EXC traded up $0.14 on Thursday, reaching $47.27. 387,591 shares of the company’s stock traded hands, compared to its average volume of 6,959,730. Exelon has a fifty-two week low of $31.25 and a fifty-two week high of $50.71. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.88 and a current ratio of 0.94. The firm has a market cap of $46.33 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 3.33 and a beta of 0.57. The stock has a 50 day moving average price of $46.94 and a 200-day moving average price of $49.86.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Exelon had a net margin of 8.15% and a return on equity of 10.87%. During the same period last year, the firm posted ($0.06) earnings per share. As a group, equities research analysts anticipate that Exelon will post 2.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.3375 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.86%. Exelon’s payout ratio is 50.94%.

In related news, CEO Carim V. Khouzami sold 3,962 shares of Exelon stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $44.35, for a total value of $175,714.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Fabian Souza sold 21,400 shares of the stock in a transaction on Friday, April 1st. The shares were sold at an average price of $47.61, for a total transaction of $1,018,854.00. Following the transaction, the senior vice president now directly owns 2,337 shares in the company, valued at $111,264.57. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in Exelon by 6.6% during the 2nd quarter. Morgan Stanley now owns 14,043,370 shares of the company’s stock worth $622,261,000 after purchasing an additional 872,516 shares during the last quarter. First Trust Advisors LP grew its stake in Exelon by 24.4% during the 1st quarter. First Trust Advisors LP now owns 2,730,711 shares of the company’s stock valued at $130,064,000 after acquiring an additional 535,957 shares in the last quarter. Deutsche Bank AG raised its holdings in Exelon by 13.2% in the 4th quarter. Deutsche Bank AG now owns 2,188,933 shares of the company’s stock valued at $126,431,000 after acquiring an additional 254,749 shares during the last quarter. Coann Capital LLC purchased a new position in Exelon in the 1st quarter worth approximately $11,538,000. Finally, Bridgewater Associates LP lifted its stake in Exelon by 540.1% in the 1st quarter. Bridgewater Associates LP now owns 262,758 shares of the company’s stock worth $12,515,000 after purchasing an additional 221,706 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

Exelon Company Profile (Get Rating)

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Earnings History and Estimates for Exelon (NASDAQ:EXC)

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