Exelon Co. (NYSE:EXC) – Equities research analysts at SunTrust Banks boosted their FY2018 earnings estimates for shares of Exelon in a research note issued on Wednesday, October 17th. SunTrust Banks analyst A. Agha now forecasts that the energy giant will post earnings per share of $3.14 for the year, up from their prior forecast of $3.11. SunTrust Banks has a “Hold” rating and a $45.00 price objective on the stock.
A number of other analysts have also issued reports on EXC. Scotiabank reiterated a “sector outperform” rating on shares of Exelon in a research note on Wednesday, July 25th. Zacks Investment Research downgraded Exelon from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Howard Weil started coverage on Exelon in a research report on Tuesday, July 24th. They set a “sector outperform” rating and a $47.00 price objective for the company. Barclays started coverage on Exelon in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $46.00 price objective for the company. Finally, Guggenheim reissued a “buy” rating and set a $51.00 price objective on shares of Exelon in a research report on Monday, July 23rd. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.50.
Shares of NYSE:EXC opened at $44.13 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.19. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 2.45 and a beta of 0.24. Exelon has a 1 year low of $35.57 and a 1 year high of $45.05.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, November 14th. Exelon’s dividend payout ratio is presently 53.08%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Landaas & Co. WI ADV acquired a new position in Exelon in the second quarter valued at approximately $116,000. Private Capital Group LLC boosted its holdings in Exelon by 836.4% in the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock valued at $132,000 after purchasing an additional 3,011 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Exelon in the third quarter valued at approximately $152,000. Tower Research Capital LLC TRC acquired a new position in Exelon in the second quarter valued at approximately $160,000. Finally, Cerebellum GP LLC acquired a new position in Exelon in the third quarter valued at approximately $185,000. 78.81% of the stock is owned by hedge funds and other institutional investors.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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