Exelon Corporation (EXC) Stock Price & Analysis
Exelon Corporation (EXC) closed at USD 44.85 on Thursday, October 22, 2026, up 4.18% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 43.05; the Oct 22, 2026 session ranged USD 43.12–44.88 on volume of 8,873,769 shares. Market capitalization is $46.21B, with a 52-week range of USD 39.73–50.65 (NMS). Source: Nexqual, retrieved October 23, 2026 at 08:39 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EXC.md
Key facts (EXC)
- Last four reported quarters (through Jun 30, 2026): revenue $25.3B, net income $2.78B (11.0% margin), free cash flow -$1.92B (SEC filings).
- Valuation: P/E 16.6x (avg 15.5x at the last 3 fiscal year-ends), EV/EBITDA 10.6x, net debt $49.7B.
- Earnings quality: non-operating income -$1.90B vs operating income $5.27B over the last four quarters; P/E excluding non-operating income ≈10.6x (estimate: non-operating income taxed at the company's 17.3% effective rate).
- Analysts: Hold (mean 2.86 on a 1–5 scale) (22 analysts), mean target USD 48 (range 44–58).
- Total return with dividends: 1Y -2.3% vs S&P 500 +14.9%; 5Y +46.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 0.8, revenue estimate $6.82B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EXC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $17.9B | $19.1B | $21.7B | $23.0B | $24.3B | $25.3B |
| Operating income | $2.68B | $3.31B | $4.02B | $4.32B | $5.15B | $5.27B |
| Net income | $1.83B | $2.17B | $2.33B | $2.46B | $2.77B | $2.78B |
| EPS (diluted) | $1.74 | — | — | — | — | — |
| Free cash flow | -$4.97B | -$2.28B | -$2.71B | -$1.53B | -$2.27B | -$1.92B |
| Operating margin | 15.0% | 17.4% | 18.5% | 18.8% | 21.2% | 20.8% |
| Net margin | 10.2% | 11.4% | 10.7% | 10.7% | 11.4% | 11.0% |
| Revenue growth | +7.7% | +6.4% | +13.9% | +6.0% | +5.3% | — |
| Cash + short-term investments | $672M | $407M | $445M | $357M | $626M | — |
| Total debt | $38.8B | $37.2B | $41.3B | $44.7B | $49.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (EXC)
P/E 16.6x · P/E ex non-operating (est.) ≈10.6x · P/S 1.8x · EV/EBITDA 10.6x · EV/Sales 3.8x · P/B 1.6x · FCF yield -4.15% · Earnings yield 6.03% · Dividend yield (paid, TTM) 3.61% · Net debt $49.7B · EV $95.9B
P/E at fiscal year-ends: Dec 2025 15.9x, Dec 2024 15.3x, Dec 2023 15.4x.
Analysts (EXC)
Consensus Hold (mean 2.86 on a 1–5 scale), 22 analysts; mean target USD 48 (low 44, high 58).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Hold | $44 |
| 2026-10-21 | Morgan Stanley | Target lowered | Equal-Weight | $50 → $49 |
| 2026-10-19 | JP Morgan | Target lowered | Neutral | $47 → $46 |
| 2026-10-19 | Barclays | Target lowered | Equal-Weight | $49 → $44 |
| 2026-10-16 | Truist Securities | Target lowered | Hold | $48 → $46 |
| 2026-10-13 | Keybanc | Upgrade | Underweight → Sector Weight | |
| 2026-09-22 | Argus Research | Target lowered | Buy | $52 → $49 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $53 → $50 |
| 2026-08-21 | Morgan Stanley | Target lowered | Equal-Weight | $55 → $53 |
| 2026-08-13 | Truist Securities | Target lowered | Hold | $50 → $48 |
| 2026-07-16 | Truist Securities | Target raised | Hold | $49 → $50 |
Total return (dividends reinvested) (EXC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -2.3% | +46.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -2.3% | +7.9% |
| Volatility (annualized) | 19.9% | 21.5% |
| Max drawdown | -18.5% (Mar 2026→Sep 2026) | -28.5% (May 2022→Feb 2024) |
EXC revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Commonwealth Edison Co | $1.99B | 33.3% | +8.1% |
| Pepco Holdings LLC | $1.71B | 28.7% | +8.4% |
| — Potomac Electric Power Company (part of Pepco Holdings LLC) | $859.0M | 14.4% | +10.7% |
| — Delmarva Power and Light Company (part of Pepco Holdings LLC) | $454.0M | 7.6% | +7.8% |
| — Atlantic City Electric Company (part of Pepco Holdings LLC) | $401.0M | 6.7% | +4.4% |
| Baltimore Gas and Electric Company | $1.22B | 20.4% | +18.4% |
| PECO Energy Co | $1.06B | 17.8% | +6.2% |
| Total revenue | $5.97B | 100% | — |
EXC revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Rate-regulated electric revenues | $5.71B | 95.7% | +6.4% |
| Rate-regulated natural gas revenues | $327.0M | 5.5% | -3.0% |
| Total revenue | $5.97B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
EXC company outlook (results filed Jul 30, 2026)
- “(1) Reflects the adjustment to state deferred income taxes due to changes in forecasted apportionment.”
- “(2) Reflects the adjustment to state deferred income taxes due to changes in forecasted apportionment.”
Quoted word-for-word from the SEC 8-K results press release.
EXC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.80 | $0.87 | -9.1% | $6.82B | 13 |
| Next quarter (ends Dec 2026) | $0.81 | $0.63 | +28.1% | $5.70B | 4 |
| Current fiscal year (ends Dec 2026) | $2.86 | $2.86 | -0.0% | $25.50B | 19 |
| Next fiscal year (ends Dec 2027) | $3.03 | $3.04 | -0.2% | $26.29B | 20 |
EXC options: expected move
Options price a move of about ±4.6% (±$2.05) by Nov 20, 2026, which includes earnings on Oct 30, 2026. Over the last 8 reports the stock moved ±2.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 19.5% | ±4.6% |
| Dec 18, 2026 | 56 | 20.8% | ±6.6% |
| Jan 15, 2027 | 84 | 19.6% | ±7.6% |
| Mar 19, 2027 | 147 | 21.1% | ±10.8% |
| Apr 16, 2027 | 175 | 20.6% | ±11.5% |
| Jun 17, 2027 | 237 | 21.7% | ±13.9% |
| Sep 17, 2027 | 329 | 21.6% | ±16.1% |
30-day implied volatility 19.6% vs 21.4% realized over the last 30 trading days. Put/call ratio (volume) 0.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:39 UTC)
| Price | USD 44.85 |
|---|---|
| Change | ▲ 4.18% (up) |
| Previous Close | USD 43.05 |
| Open | USD 43.22 |
| Day Range | USD 43.12 – 44.88 |
| 52-Week Range | USD 39.73 – 50.65 |
| Volume | 8,873,769 shares |
| Market Cap | $46.21B |
| Exchange | NMS |
Technical Analysis (EXC)
Nexqual's technical model rates EXC "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 08:39 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 67.96 (neutral) |
| vs SMA50 | Above (USD 42.9) |
| MACD | 0.3 (positive) |
Analyst Ratings (EXC)
Wall Street analysts rate EXC "Hold" based on 22 analysts, with a mean price target of USD 48 (range USD 44–58), per Nexqual as of October 23, 2026 at 08:39 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 48 |
| High Target | USD 58 |
| Low Target | USD 44 |
| Buy / Hold / Sell | 4 / 17 / 1 |
Earnings (EXC)
| Next Earnings Date | 2026-10-30 |
|---|---|
| EPS Estimate | USD 0.8 |
| Revenue Estimate | $6.82B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.43 vs est 0.45 ▼ miss |
| 2026-03-31 | USD 0.91 vs est 0.89 ▲ beat |
| 2025-12-31 | USD 0.59 vs est 0.55 ▲ beat |
| 2025-09-30 | USD 0.86 vs est 0.78 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financials & Fundamentals (EXC)
| Total Revenue | $25.33B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.90% |
| Gross Margin | +42.36% |
| Operating Margin | +16.59% |
| Profit Margin | +10.99% |
| ROE | +9.71% |
| Debt / Equity | 1.77 |
| Current Ratio | 1.09 |
| Total Cash | $1.81B |
| Total Debt | $52.67B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$1.92B (-7.6% of revenue) |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financial Health Score (EXC)
Nexqual rates Exelon Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:39 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 42%, operating 17% (last 12 months) |
| Balance Sheet | Weak — $1.81B cash and investments vs $51.6B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$1.92B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 10%, ROA 2.8% |
Ownership (EXC)
| Insider Ownership | +0.07% |
|---|---|
| Institutional Ownership | +96.05% |
| Shares Outstanding | 1.03B |
| Float | 1.03B |
| Short % of Float | +3.70% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Leadership (EXC)
Exelon Corporation is led by Calvin G. Butler, CEO, President & Director, per Nexqual as of October 23, 2026 at 08:39 UTC.
| CEO, President & Director | Calvin G. Butler |
|---|---|
| Executive VP & COO | Michael A. Innocenzo |
| Executive Vice President of Finance & Strategy | Jeanne M. Jones |
| Executive VP, CFO & Principal Financial Officer | Robert A. Kleczynski |
| Vice President of Investor Relations | Ryan Brown |
Major Backers & Investors (EXC)
Notable institutional backers of Exelon Corporation include Capital Group, Income Fund of America, Invesco, according to Nexqual as of October 23, 2026 at 08:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 5.28% |
| Income Fund of America | 4.23% |
| Invesco | 3.92% |
| Lazard Asset Management LLC | 3.31% |
| Wellington Management | 2.07% |
| GQG Partners LLC | 2.04% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.67% |
| BlackRock | 12.33% |
| State Street | 6.94% |
| Geode Capital | 3.33% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Legal & Regulatory Risks from Exelon Corporation's Latest 10-K (filed 2026-02-12)
- The Registrants could be subject to higher costs and/or penalties related to mandatory reliability standards, including the likely exposure of the Utility Registrants to the results of NERC compliance requirements (All Registrants).
- The Registrants could incur substantial costs to fulfill their obligations related to environmental and other matters (All Registrants).
- The Registrants could be negatively affected by federal and state RPS, energy conservation and GHG reduction legislation and regulation, and/or changing customer expectations, along with energy conservation by customers (All Registrants).
- The Registrants could be negatively affected by challenges to tax positions taken, tax law changes, and the inherent difficulty in quantifying potential tax effects of business decisions. (All Registrants).
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| XEL | Xcel Energy Inc. | USD 78.9 | ▲ 2.76% |
| ED | Consolidated Edison, Inc. | USD 116.26 | ▲ 3.97% |
| ETR | Entergy Corporation | USD 108.19 | ▲ 1.99% |
| PCG | Pacific Gas & Electric Co. | USD 12.98 | ▼ 1.29% |
| D | Dominion Energy, Inc. | USD 65.4 | ▲ 4.93% |
| WEC | WEC Energy Group, Inc. | USD 112.15 | ▲ 3.36% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:39 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt