Equities Analysts Issue Forecasts for Exelon Corp.’s FY2018 Earnings (EXC)
Exelon Corp. (NYSE:EXC) – Equities researchers at Jefferies Group issued their FY2018 EPS estimates for Exelon Corp. in a report issued on Monday. Jefferies Group analyst A. Crowdell forecasts that the firm will earn $2.85 per share for the year. Jefferies Group has a “Buy” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Exelon Corp.’s FY2019 earnings at $2.65 EPS.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings data on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The company earned $6.90 billion during the quarter, compared to analyst estimates of $7.30 billion. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share.
Several other equities analysts have also recently weighed in on EXC. Zacks Investment Research cut Exelon Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Citigroup Inc. upped their price objective on Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Wednesday, July 20th. Deutsche Bank AG upgraded Exelon Corp. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a research note on Friday, July 22nd. Bank of America Corp. restated a “hold” rating and issued a $37.00 price objective on shares of Exelon Corp. in a research note on Thursday, August 11th. Finally, Morgan Stanley set a $38.00 price objective on Exelon Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $36.33.
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Exelon Corp. (NYSE:EXC) traded down 1.17% during midday trading on Tuesday, reaching $32.12. The company had a trading volume of 3,339,543 shares. The firm has a 50-day moving average price of $33.78 and a 200-day moving average price of $34.85. Exelon Corp. has a 52 week low of $25.09 and a 52 week high of $37.70. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 21.50 and a beta of 0.25.
In other Exelon Corp. news, CEO Kenneth W. Cornew sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $36.47, for a total value of $1,094,100.00. Following the completion of the sale, the chief executive officer now owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Calvin Butler, Jr. sold 6,403 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the sale, the chief executive officer now directly owns 18,109 shares of the company’s stock, valued at approximately $633,815. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. CT Financial Advisors LLC increased its stake in shares of Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock valued at $149,000 after buying an additional 11 shares during the last quarter. Hudock Capital Group LLC increased its stake in Exelon Corp. by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock valued at $106,000 after buying an additional 14 shares in the last quarter. Synovus Financial Corp increased its stake in Exelon Corp. by 0.3% in the second quarter. Synovus Financial Corp now owns 17,813 shares of the energy giant’s stock valued at $651,000 after buying an additional 46 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in Exelon Corp. by 1.3% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 6,071 shares of the energy giant’s stock valued at $202,000 after buying an additional 77 shares in the last quarter. Finally, Indiana Trust & Investment Management CO increased its stake in Exelon Corp. by 0.7% in the third quarter. Indiana Trust & Investment Management CO now owns 11,405 shares of the energy giant’s stock valued at $380,000 after buying an additional 80 shares in the last quarter. 74.90% of the stock is owned by institutional investors and hedge funds.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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