Q1 2022 EPS Estimates for Exelon Co. Cut by KeyCorp (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXCGet Rating) – Research analysts at KeyCorp dropped their Q1 2022 earnings per share (EPS) estimates for shares of Exelon in a research note issued to investors on Tuesday, April 19th. KeyCorp analyst S. Karp now expects that the company will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.69. KeyCorp has a “Overweight” rating and a $53.00 price target on the stock. KeyCorp also issued estimates for Exelon’s Q2 2022 earnings at $0.47 EPS, Q3 2022 earnings at $0.67 EPS, Q4 2022 earnings at $0.46 EPS, FY2024 earnings at $2.58 EPS and FY2025 earnings at $2.77 EPS.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. raised Exelon from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $47.00 to $55.00 in a report on Wednesday. BMO Capital Markets cut their target price on Exelon from $63.00 to $47.00 in a research report on Thursday, February 17th. Scotiabank downgraded Exelon from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $55.00 to $44.00 in a research note on Monday, February 7th. Wells Fargo & Company downgraded Exelon from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $65.00 to $45.00 in a research report on Thursday, February 3rd. Finally, Vertical Research downgraded Exelon from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a research report on Thursday, February 3rd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.17.

NASDAQ:EXC opened at $48.65 on Thursday. The stock has a fifty day moving average price of $45.22 and a 200-day moving average price of $50.24. The company has a market cap of $47.68 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.49 and a beta of 0.59. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.87. Exelon has a fifty-two week low of $30.57 and a fifty-two week high of $50.71.

Several institutional investors have recently bought and sold shares of EXC. Elmwood Wealth Management Inc. bought a new stake in Exelon during the fourth quarter valued at $30,000. Curi Wealth Management LLC bought a new stake in Exelon during the fourth quarter valued at $33,000. Missouri Trust & Investment Co bought a new stake in Exelon during the fourth quarter valued at $36,000. Riverview Trust Co bought a new stake in Exelon during the first quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Exelon during the fourth quarter valued at $38,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

In related news, Director William P. Bowers purchased 4,500 shares of the business’s stock in a transaction dated Tuesday, March 22nd. The stock was purchased at an average cost of $43.56 per share, with a total value of $196,020.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carim V. Khouzami sold 3,962 shares of the firm’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $44.35, for a total value of $175,714.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,070 shares of company stock valued at $2,733,217. 0.19% of the stock is owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Friday, February 25th were issued a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a yield of 2.78%. The ex-dividend date was Thursday, February 24th. Exelon’s dividend payout ratio (DPR) is 77.59%.

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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