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Pepco Holdings (NYSE:POM) was downgraded by stock analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.

Pepco Holdings (NYSE:POM) traded up 0.64% during mid-day trading on Thursday, hitting $26.93. 18,933,736 shares of the company’s stock traded hands. Pepco Holdings has a 52 week low of $18.04 and a 52 week high of $27.04. The stock has a 50-day moving average of $21.11 and a 200-day moving average of $19.75. The company’s market cap is $6.746 billion.

Pepco Holdings (NYSE:POM) last announced its earnings results on Friday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Pepco Holdings will post $1.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Friday, June 6th.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pepco Holdings in a research note on Tuesday. They now have a $22.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pepco Holdings in a research note on Tuesday, March 4th. They now have a $21.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Pepco Holdings in a research note on Friday, February 21st. They now have a $22.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Pepco Holdings currently has a consensus rating of “Hold” and a consensus target price of $20.67.

Pepco Holdings, Inc (NYSE:POM) is a holding company, that, through regulated public utility subsidiaries, is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas (Power Delivery): Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE).

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