Exelon Corp. (EXC) Announces Quarterly Results
Exelon Corp. (NYSE:EXC) announced its earnings results on Thursday. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.05, Stock Ratings Network.com reports. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $5.63 billion.
Exelon Corp. (NYSE:EXC) opened at 28.86 on Thursday. 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 $27.58 and its 200-day moving average is $28.99. The company has a market cap of $24.730 billion and a P/E ratio of 15.51.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of 0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Wednesday, February 12th.
A number of research firms have recently commented on EXC. Analysts at Zacks reiterated a “neutral” rating on shares of Exelon Corp. in a research note to investors on Tuesday. They now have a $30.00 price target on the stock. On the ratings front, analysts at Bank of America Corp. downgraded shares of Exelon Corp. to an “underperform” rating in a research note to investors on Friday, January 3rd. Finally, 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. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $31.40.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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