Exelon Receives “Neutral” Rating from SunTrust (EXC)
Exelon (NYSE:EXC)‘s stock had its “neutral” rating reaffirmed by investment analysts at SunTrust in a note issued to investors on Monday. They currently have a $32.00 price objective on the stock, up from their previous price objective of $31.00. SunTrust’s price target would indicate a potential upside of 1.46% from the company’s current price.
A number of other analysts have also recently weighed in on EXC. Analysts at Zacks reiterated a “neutral” rating on shares of Exelon in a research note on Friday. They now have a $33.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Exelon in a research note on Friday. They now have a $36.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Exelon in a research note on Friday. They now have a $35.00 price target on the stock, up previously from $32.00. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Exelon currently has an average rating of “Hold” and an average price target of $32.19.
Shares of Exelon (NYSE:EXC) traded down 2.50% on Monday, hitting $30.75. 4,300,351 shares of the company’s stock traded hands. Exelon has a 1-year low of $26.45 and a 1-year high of $37.73. The stock’s 50-day moving average is $34.0 and its 200-day moving average is $33.03. The company has a market cap of $26.420 billion and a P/E ratio of 14.75.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.51. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Exelon will post $2.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Wednesday, August 13th.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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