Last Updated: 08 Nov 2024
Executive Summary
Exelon Corporation (EXC) is a leading energy company with a strong financial performance and a favorable outlook. The company's recent earnings report showed a 2.9% increase in quarterly revenue and a 0% growth in earnings per share year-over-year. Exelon's valuation metrics are attractive, with a forward P/E of 14.43 and a dividend yield of 3.99%. The stock price is currently trading at $38.09, which is within its 52-week range of $32.01 to $40.77.
Company Overview
Exelon Corporation is an American Fortune 100 energy company headquartered in Chicago, Illinois. The company operates in the electric and gas utility industries, serving over 10 million customers in six states. Exelon's subsidiaries include Commonwealth Edison, PECO Energy, and BGE.
Fundamental Analysis
Revenue: Exelon's revenue has grown steadily over the past five years, from $20.2 billion in 2018 to $22.9 billion in 2023. The company's revenue is expected to continue to grow in the coming years, driven by increasing demand for electricity and natural gas.
Earnings: Exelon's earnings per share have also grown steadily over the past five years, from $1.87 in 2018 to $2.43 in 2023. The company's earnings are expected to continue to grow in the coming years, driven by cost-cutting initiatives and efficiency improvements.
Valuation: Exelon's valuation metrics are attractive, with a forward P/E of 14.43 and a dividend yield of 3.99%. The company's price-to-book ratio of 1.438 is also reasonable.
Financial Strength: Exelon has a strong financial position, with a debt-to-equity ratio of 0.48 and a current ratio of 1.23. The company's cash flow from operations is also strong, which provides it with the flexibility to invest in growth initiatives and return capital to shareholders.
Technical Analysis
Trend: Exelon's stock price has been in a sideways trend since the beginning of the year. The stock is currently trading above its 50-day moving average of $39.68 and its 200-day moving average of $37.26.
Support and Resistance: The stock price has strong support at $32.01 and resistance at $40.77.
Momentum: The stock's momentum is neutral, with the relative strength index (RSI) at 50.
Short Term Outlook
In the short term, Exelon's stock price is likely to trade within its current range. The stock could face some resistance at $40.77, but it is also likely to find support at $32.01.
Long Term Outlook
In the long term, Exelon's stock price is expected to continue to grow. The company's strong financial performance and favorable outlook should support its stock price over the long term.
Analyst Recommendations
Analysts have a mixed view on Exelon's stock. Three analysts have a "Strong Buy" rating, three have a "Buy" rating, 13 have a "Hold" rating, one has a "Sell" rating, and zero have a "Strong Sell" rating. The average analyst target price is $43.27, which represents a potential upside of 13.6% from the current price.
