JPMorgan Chase & Co. Has Lowered Expectations for Exelon (NASDAQ:EXC) Stock Price

by · The Markets Daily

Exelon (NASDAQ:EXC – Get Free Report) had its price target cut by JPMorgan Chase & Co. from $50.00 to $47.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 7.76% from the stock’s current price.

EXC has been the topic of several other reports. Morgan Stanley reissued an “underperform” rating and set a $52.00 target price on shares of Exelon in a report on Thursday, November 20th. Barclays boosted their price objective on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. UBS Group upped their price target on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. TD Cowen began coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective on the stock. Finally, Jefferies Financial Group set a $57.00 target price on Exelon in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.92.

Read Our Latest Stock Analysis on Exelon

Exelon Stock Performance

Shares of EXC traded up $0.53 during midday trading on Friday, reaching $43.62. The stock had a trading volume of 3,639,297 shares, compared to its average volume of 7,197,879. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $44.55. The firm has a market cap of $44.06 billion, a PE ratio of 15.63, a P/E/G ratio of 2.66 and a beta of 0.45. Exelon has a one year low of $35.94 and a one year high of $48.51.

Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts anticipate that Exelon will post 2.64 EPS for the current year.

Hedge Funds Weigh In On Exelon

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Exelon by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 130,522,986 shares of the company’s stock worth $5,874,840,000 after purchasing an additional 530,935 shares during the period. State Street Corp boosted its holdings in shares of Exelon by 4.0% in the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after purchasing an additional 2,491,064 shares during the period. Geode Capital Management LLC boosted its stake in shares of Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after purchasing an additional 931,897 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 32.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after buying an additional 5,554,494 shares during the period. Finally, Wellington Management Group LLP grew its stake in Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after buying an additional 393,917 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Company Profile

(Get Free Report)

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.

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