Exelon Co. (NYSE:EXC) – Analysts at SunTrust Banks lifted their Q3 2018 EPS estimates for shares of Exelon in a report issued on Wednesday, October 17th. SunTrust Banks analyst A. Agha now anticipates that the energy giant will post earnings of $0.88 per share for the quarter, up from their previous forecast of $0.85. SunTrust Banks currently has a “Hold” rating and a $45.00 price target on the stock.
Several other research firms also recently commented on EXC. Morgan Stanley upped their target price on Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. KeyCorp upped their target price on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Wells Fargo & Co upped their target price on Exelon from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. JPMorgan Chase & Co. downgraded Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research report on Tuesday, October 9th. Finally, Citigroup downgraded Exelon from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Tuesday, October 9th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.50.
Exelon stock opened at $44.13 on Friday. Exelon has a 12 month low of $35.57 and a 12 month high of $45.05. 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 company has a market capitalization of $41.52 billion, a PE ratio of 16.74, a PEG ratio of 2.45 and a beta of 0.24.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors 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 yield of 3.13%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio is currently 53.08%.
A number of large investors have recently modified their holdings of EXC. GSA Capital Partners LLP acquired a new stake in shares of Exelon in the 1st quarter valued at $535,000. LPL Financial LLC boosted its holdings in shares of Exelon by 17.8% in the 1st quarter. LPL Financial LLC now owns 164,564 shares of the energy giant’s stock valued at $6,420,000 after purchasing an additional 24,855 shares in the last quarter. Mariner LLC acquired a new stake in shares of Exelon in the 1st quarter valued at $323,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Exelon by 18.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 545,569 shares of the energy giant’s stock valued at $21,282,000 after purchasing an additional 83,634 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Exelon in the 1st quarter valued at $337,000. 78.81% of the stock is currently owned by institutional investors and hedge funds.
Exelon Company Profile
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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