Equities Analysts Offer Predictions for Exelon Corporation’s Q3 2017 Earnings (NYSE:EXC)
Exelon Corporation (NYSE:EXC) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of Exelon Corporation in a research note issued to investors on Thursday. Jefferies Group analyst A. Crowdell forecasts that the energy giant will post earnings per share of $0.90 for the quarter. Jefferies Group has a “Buy” rating and a $39.50 price objective on the stock. Jefferies Group also issued estimates for Exelon Corporation’s Q4 2017 earnings at $0.51 EPS.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS.
EXC has been the subject of several other reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Monday, July 17th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Thursday. Finally, Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.71.
Shares of Exelon Corporation (NYSE EXC) opened at 38.17 on Monday. The firm has a market capitalization of $35.35 billion, a price-to-earnings ratio of 20.01 and a beta of 0.27. The stock’s 50 day moving average price is $36.76 and its 200 day moving average price is $35.90. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78.
Several hedge funds have recently added to or reduced their stakes in EXC. Alethea Capital Management LLC acquired a new stake in Exelon Corporation during the second quarter worth about $5,028,000. Federated Investors Inc. PA boosted its stake in Exelon Corporation by 4.6% in the second quarter. Federated Investors Inc. PA now owns 1,065,150 shares of the energy giant’s stock worth $38,420,000 after buying an additional 47,214 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in Exelon Corporation by 11.2% in the second quarter. Mosaic Family Wealth LLC now owns 10,900 shares of the energy giant’s stock worth $393,000 after buying an additional 1,100 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Exelon Corporation by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,316,824 shares of the energy giant’s stock worth $47,498,000 after buying an additional 8,020 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Exelon Corporation during the second quarter worth about $6,173,000. 74.81% of the stock is owned by institutional investors.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the completion of the sale, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at $1,967,429.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $36.52, for a total value of $17,014,375.84. Following the completion of the sale, the chairman now directly owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 927,844 shares of company stock valued at $34,570,885. Insiders own 0.70% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be given a $0.3275 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.43%. Exelon Corporation’s payout ratio is 68.59%.
Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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