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 -.

Several equities research analysts have recently weighed in on EXC shares. Morgan Stanley reduced their price objective on Exelon from $54.00 to $52.00 and set an overweight rating for the company in a research note on Monday. Mizuho raised Exelon from a neutral rating to a buy rating and raised their price objective for the stock from $43.00 to $46.00 in a research note on Friday, March 11th. Scotiabank cut Exelon from a sector outperform rating to a sector perform rating and decreased their target price for the stock from $55.00 to $44.00 in a research report on Monday, February 7th. JPMorgan Chase & Co. raised Exelon from a neutral rating to an overweight rating and raised their target price for the stock from $47.00 to $55.00 in a research report on Wednesday, April 20th. Finally, Vertical Research cut Exelon from a buy rating to a hold rating and set a $45.00 target price for the company. in a research report on Thursday, February 3rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $48.00.

NASDAQ EXC traded down $0.01 during trading on Wednesday, reaching $48.82. 266,719 shares of the company traded hands, compared to its average volume of 9,579,329. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.88 and a current ratio of 0.94. Exelon has a 1-year low of $31.25 and a 1-year high of $50.71. The stock’s 50 day moving average price is $47.27 and its two-hundred day moving average price is $49.65.

Exelon (NASDAQ:EXCGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Exelon had a return on equity of 10.87% and a net margin of 8.15%. During the same period last year, the company earned ($0.06) earnings per share. Equities research analysts expect 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. Investors of record on Friday, May 13th will be given a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, May 12th. Exelon’s dividend payout ratio is currently 50.94%.

In related news, SVP Fabian Souza sold 21,400 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $47.61, for a total value of $1,018,854.00. Following the completion of the transaction, the senior vice president now directly owns 2,337 shares of the company’s stock, valued at approximately $111,264.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Tyler Anthony sold 4,451 shares of the company’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the completion of the transaction, the chief executive officer now directly owns 974 shares of the company’s stock, valued at $46,255.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,813 shares of company stock valued at $1,405,947. 0.19% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Worth Asset Management LLC acquired a new position in shares of Exelon during the 1st quarter worth about $65,000. Lido Advisors LLC raised its holdings in shares of Exelon by 14.9% in the 1st quarter. Lido Advisors LLC now owns 4,216 shares of the company’s stock valued at $200,000 after purchasing an additional 548 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Exelon in the 1st quarter valued at about $201,000. Integrated Wealth Concepts LLC bought a new stake in shares of Exelon in the 4th quarter valued at about $206,000. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Exelon by 5.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,989 shares of the company’s stock valued at $211,000 after purchasing an additional 268 shares during the period. 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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