Exelon Corp. Announces Quarterly Dividend of $0.31 (EXC)
Exelon Corp. (NYSE:EXC) announced a quarterly dividend on Tuesday, January 28th, AnalystRatings.Net reports. Investors of record on Friday, February 14th will be paid a dividend of 0.31 per share on Monday, March 10th. This represents a $1.24 annualized dividend and a dividend yield of 4.40%.
A number of research firms have recently commented on EXC. Analysts at Merrill Lynch downgraded shares of Exelon Corp. to an “underperform” rating in a research note to investors on Friday, January 3rd. On a related note, analysts at Bank of America Corp. downgraded shares of Exelon Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Citigroup Inc. downgraded shares of Exelon Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, January 3rd. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.26.
Shares of Exelon Corp. (NYSE:EXC) traded down 0.39% during mid-day trading on Tuesday, hitting $28.09. 5,288,297 shares of the company’s stock traded hands. Exelon Corp. has a one year low of $26.45 and a one year high of $37.80. The stock’s 50-day moving average is $27.46 and its 200-day moving average is $29.12. The company has a market cap of $24.070 billion and a P/E ratio of 15.13.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.12. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts predict that Exelon Corp. will post $2.52 earnings per share for the current fiscal year.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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