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Exelon Corporation (NASDAQ:EXC) stock has achieved a notable milestone, hitting a 52-week high of $45.46. The utility giant, with a market capitalization of $46 billion, continues to reward shareholders with a 3.58% dividend yield and an impressive 55-year track record of consecutive dividend payments, according to InvestingPro data. This peak reflects a significant uptrend for the energy company, which has seen its stock price surge over the past year. Investors have been closely monitoring Exelon’s performance, and the latest price level has certainly caught the market’s attention. The company’s stock has experienced a robust 1-year change, climbing an impressive 23.26%. Trading at a P/E ratio of 18.3x, the stock appears overvalued according to InvestingPro’s Fair Value analysis, with analysts setting price targets between $41 and $48. This growth trajectory underscores Exelon’s strong market position and investor confidence in its business strategy and future prospects. For deeper insights and additional ProTips, explore Exelon’s comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Exelon Corporation reported better-than-expected fourth-quarter results, with adjusted earnings per share of $0.64, surpassing the analyst consensus of $0.60. The company also recorded revenue of $5.47 billion, exceeding estimates of $4.67 billion. For the full year 2024, Exelon posted adjusted EPS of $2.50, an increase from $2.38 in 2023, with total revenue rising 4.8% year-over-year to $23.03 billion. In addition, Exelon issued $1 billion in new debt notes, divided into $500 million of 5.125% Notes due 2031 and $500 million of 5.875% Notes due 2055, primarily to repay outstanding commercial paper borrowings and for general corporate purposes. Furthermore, Exelon successfully closed a $1 billion notes offering at a 6.500% interest rate, due in 2055, with net proceeds totaling approximately $990 million. The company has also appointed cybersecurity expert David DeWalt to its Board of Directors, enhancing its focus on technology and security. These developments reflect Exelon’s proactive approach to financial management and strategic planning.
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