Exelon Corp. (EXC) Declares Quarterly Dividend of $0.31
Exelon Corp. (NYSE:EXC) declared a quarterly dividend on Tuesday, October 22nd, Stock Ratings News reports. Shareholders of record on Friday, November 15th will be given a dividend of $0.31 per share on Tuesday, December 10th. This represents a $1.24 dividend on an annualized basis and a yield of 4.34%.
A number of research firms have recently commented on EXC. Analysts at Morgan Stanley downgraded shares of Exelon Corp. from an “overweight” rating to an “underweight” rating in a research note to investors on Wednesday, October 16th. They now have a $21.00 price target on the stock, down previously from $36.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Exelon Corp. in a research note to investors on Thursday, October 10th. They now have a $31.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Exelon Corp. from $32.00 to $30.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. Exelon Corp. presently has a consensus rating of “Hold” and a consensus price target of $32.40.
Shares of Exelon Corp. (NYSE:EXC) traded up 0.28% during mid-day trading on Tuesday, hitting $28.66. The stock had a trading volume of 10,794,923 shares. Exelon Corp. has a one year low of $28.37 and a one year high of $37.80. The stock’s 50-day moving average is $29.88 and its 200-day moving average is $31.95. The company has a market cap of $24.549 billion and a P/E ratio of 21.05.
Exelon Corp. (NYSE:EXC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. The company had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Exelon Corp. will post $2.45 EPS for the current fiscal year.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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