Chicago, Illinois-based Exelon Corporation (EXC) is a regulated electric and natural gas utility company with a market cap of $43.8 billion. It operates a diverse energy portfolio, with a strong focus on reliable, clean, and affordable power.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and EXC fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the utilities - regulated electric industry. The company benefits from a geographically diverse footprint across major states, reducing risk from regional economic fluctuations. It is one of the largest producers of carbon-free energy in the nation, driven by its extensive nuclear fleet and growing investments in renewable energy.
This utility leader has dipped 10% from its 52-week high of $48.11, reached on Apr. 4. Shares of EXC have gained marginally over the past three months, lagging behind the S&P 500 Index’s ($SPX) 8.2% return during the same time frame.
Moreover, in the longer term, EXC has gained 10.9% over the past 52 weeks, underperforming SPX's 18.9% uptick over the same time period. However, on a YTD basis, shares of EXC are up 15.1%, outperforming SPX’s 11.1% rise.
To confirm its recent bearish trend, EXC has been trading below its 50-day moving average since late August. However, it has remained above its 200-day moving average over the past year, with slight fluctuations.
On Jul. 31, shares of Exelon surged 1.5% after it delivered its mixed Q2 earnings results. While its revenue of $5.4 billion missed the consensus estimates by 1.8%, its adjusted EPS of $0.39 topped the analyst expectations of $0.37, which might have bolstered investor confidence. That said, its bottom line declined 17% from the year-ago quarter, weighed down by lower utility earnings.
EXC has outpaced its rival, Duke Energy Corporation (DUK), which gained 3.8% over the past 52 weeks and 12.6% on a YTD basis.
Despite EXC’s recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy” from the 17 analysts covering it, and the mean price target of $47.28 suggests a 9.1% potential upside from its current price levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
