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Exelon Corporation (NASDAQ:EXC) stock has reached a new 52-week high, climbing to $44.46 amid a year marked by robust performance. With a market capitalization of $44.6 billion and an impressive YTD return of 18.5%, the utility giant continues to demonstrate strong momentum. According to InvestingPro analysis, the stock’s RSI indicates overbought territory. The energy giant, known for its significant presence in the utilities sector, has seen its stock price surge, reflecting a substantial 1-year total return of 29.55%. Investors have responded positively to the company’s strategic initiatives and operational efficiency, propelling the stock to this new height. The company’s commitment to shareholder value is evidenced by its 55-year streak of consecutive dividend payments, currently yielding 3.62%. The 52-week high serves as a testament to Exelon’s resilience and adaptability in a dynamic energy market, as the company continues to navigate through various industry challenges while delivering value to its shareholders. For deeper insights into Exelon’s valuation and growth potential, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Exelon Corporation reported impressive fourth-quarter results, surpassing analyst expectations. The company achieved adjusted earnings per share of $0.64, exceeding the consensus estimate of $0.60, with revenue reaching $5.47 billion, which was well above the anticipated $4.67 billion. For the full year 2024, Exelon reported an adjusted EPS of $2.50, up from $2.38 in 2023, and total revenue increased by 4.8% year-over-year to $23.03 billion. Looking forward, Exelon introduced 2025 adjusted EPS guidance of $2.64-$2.74, surpassing the $2.63 analyst forecast at the midpoint.
Additionally, Exelon recently completed a $1 billion public offering of junior subordinated notes with a 6.500% interest rate due in 2055. The net proceeds from this sale amounted to approximately $990 million after underwriting discounts. In another financial move, Exelon issued $1 billion in notes, split into two sets: $500 million of 5.125% Notes due 2031 and $500 million of 5.875% Notes due 2055. The proceeds from these notes are intended to repay $464 million of outstanding commercial paper borrowings and for general corporate purposes.
These developments reflect Exelon’s strategic approach to managing its capital structure and debt portfolio. The company has also declared a quarterly dividend of $0.40 per share for the first quarter of 2025, representing about 60% of its adjusted EPS for the year.
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