Exelon Co. (NASDAQ:EXC) to Post Q3 2022 Earnings of $0.69 Per Share, KeyCorp Forecasts

Exelon Co. (NASDAQ:EXCGet Rating) – Analysts at KeyCorp increased their Q3 2022 earnings per share (EPS) estimates for shares of Exelon in a research report issued on Thursday, August 4th. KeyCorp analyst S. Karp now anticipates that the company will post earnings per share of $0.69 for the quarter, up from their prior estimate of $0.68. KeyCorp currently has a “Overweight” rating and a $45.00 target price on the stock. The consensus estimate for Exelon’s current full-year earnings is $2.28 per share. KeyCorp also issued estimates for Exelon’s FY2022 earnings at $2.24 EPS, FY2023 earnings at $2.43 EPS, FY2024 earnings at $2.60 EPS, FY2025 earnings at $2.77 EPS and FY2026 earnings at $2.92 EPS.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. During the same period in the prior year, the business earned $0.89 earnings per share.

EXC has been the topic of several other reports. BMO Capital Markets lifted their price target on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays dropped their price target on Exelon from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Argus lifted their price target on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. JPMorgan Chase & Co. upgraded Exelon from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $47.00 to $55.00 in a research report on Wednesday, April 20th. Finally, Wells Fargo & Company dropped their price target on Exelon from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.15.

Exelon Price Performance

Shares of EXC stock opened at $44.77 on Friday. The firm has a market cap of $43.88 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.74 and a beta of 0.57. Exelon has a fifty-two week low of $33.64 and a fifty-two week high of $50.71. The business’s 50 day moving average price is $44.83 and its 200-day moving average price is $46.14. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EXC. Landmark Wealth Management LLC bought a new stake in Exelon during the first quarter valued at about $26,000. GoalVest Advisory LLC grew its holdings in Exelon by 62,900.0% during the second quarter. GoalVest Advisory LLC now owns 630 shares of the company’s stock valued at $27,000 after purchasing an additional 629 shares during the period. Addison Advisors LLC grew its holdings in Exelon by 251.8% during the first quarter. Addison Advisors LLC now owns 598 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the period. Elmwood Wealth Management Inc. bought a new stake in Exelon during the fourth quarter valued at about $30,000. Finally, Princeton Global Asset Management LLC grew its holdings in Exelon by 195.5% during the first quarter. Princeton Global Asset Management LLC now owns 662 shares of the company’s stock valued at $32,000 after purchasing an additional 438 shares during the period. Hedge funds and other institutional investors own 80.35% of the company’s stock.

Insider Transactions at Exelon

In other news, CEO John Tyler Anthony sold 4,451 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total value of $211,377.99. Following the completion of the transaction, the chief executive officer now owns 974 shares in the company, valued at $46,255.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 15th will be paid a $0.338 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.35 annualized dividend and a dividend yield of 3.02%. This is a boost from Exelon’s previous quarterly dividend of $0.34. Exelon’s payout ratio is currently 49.82%.

Exelon Company Profile

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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.

Further Reading

Earnings History and Estimates for Exelon (NASDAQ:EXC)

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