Gold prices steady ahead of Fed decision, Trump’s tariff deadline
Exelon Corporation (NASDAQ:EXC) stock has reached a new 52-week high, hitting $41.88 amid a bullish run in the energy sector. The utility giant, with a market capitalization of $42 billion, has shown remarkable momentum with a 13.8% gain over the past six months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This peak represents a significant milestone for the company, reflecting a robust performance over the past year. Investors have shown increased confidence in Exelon, as evidenced by the stock’s impressive 28.67% gain over the past year. The company’s strategic initiatives and strong market position have contributed to this upward trend, with revenue growing at 9% and maintaining a healthy dividend yield of 3.64%. Notable among its achievements is a 54-year streak of consecutive dividend payments, as highlighted by InvestingPro, which offers 6 additional key insights about Exelon’s financial health and market position in its comprehensive Pro Research Report.
In other recent news, Exelon Corp . and its utility subsidiary PECO Energy Inc. have seen their issuer credit ratings upgraded to ’A-’ from ’BBB+’ by S&P Global. This follows a review of the companies’ financial measures and supportive rate case outcomes from various utility subsidiaries. The upgrade is a result of Exelon’s consistently improving financial performance, with an expected increase in revenue by about $1.6 billion due to rate case orders in several states.
In addition to this, BMO Capital Markets has raised its stock price target for Exelon from $44.00 to $46.00, maintaining an Outperform rating. The firm anticipates that Exelon will reveal an enhanced capital plan with a focus on additional transmission spending opportunities, potentially extending its 5-7% earnings per share (EPS) growth projection through 2028.
Furthermore, Evercore ISI has upgraded Exelon’s stock from an ’In Line’ rating to ’Outperform’, increasing the price target to $44.00 from $43.00. The analyst points out that while a discount is due to Exelon’s average growth rate and its status as a pure transmission and distribution (T&D) utility, the current level of discount is considered excessive. These are the recent developments surrounding Exelon Corp. and PECO Energy Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.