Exelon Corporation (NYSE:EXC) – Research analysts at SunTrust Banks increased their FY2017 earnings estimates for shares of Exelon Corporation in a report released on Thursday. SunTrust Banks analyst A. Agha now anticipates that the energy giant will post earnings per share of $2.70 for the year, up from their previous forecast of $2.67. SunTrust Banks also issued estimates for Exelon Corporation’s Q4 2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.66 EPS and Q2 2019 earnings at $0.55 EPS.

Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year.

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Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a report on Monday, July 17th. Credit Suisse Group reiterated a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a report on Tuesday, May 30th. Finally, UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $37.50 in a report on Monday, May 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Exelon Corporation presently has a consensus rating of “Buy” and a consensus target price of $39.71.

Exelon Corporation (NYSE EXC) opened at 38.17 on Monday. The firm’s 50-day moving average is $36.76 and its 200 day moving average is $35.90. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The stock has a market capitalization of $35.35 billion, a PE ratio of 20.01 and a beta of 0.27.

Several large investors have recently modified their holdings of EXC. CENTRAL TRUST Co increased its position in Exelon Corporation by 0.6% in the first quarter. CENTRAL TRUST Co now owns 20,055 shares of the energy giant’s stock worth $722,000 after buying an additional 114 shares during the period. Raymond James Trust N.A. increased its position in Exelon Corporation by 2.7% in the first quarter. Raymond James Trust N.A. now owns 28,530 shares of the energy giant’s stock worth $1,027,000 after buying an additional 761 shares during the period. Chesley Taft & Associates LLC increased its position in Exelon Corporation by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant’s stock worth $212,000 after buying an additional 37 shares during the period. Gulf International Bank UK Ltd increased its position in Exelon Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 284,127 shares of the energy giant’s stock worth $10,222,000 after buying an additional 3,850 shares during the period. Finally, National Pension Service increased its position in Exelon Corporation by 4.8% in the first quarter. National Pension Service now owns 720,059 shares of the energy giant’s stock worth $25,706,000 after buying an additional 32,912 shares during the period. 74.81% of the stock is owned by institutional investors.

In related news, Director John W. Rogers, Jr. acquired 3,000 shares of the stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $33.57 per share, with a total value of $100,710.00. Following the completion of the transaction, the director now directly owns 14,374 shares of the company’s stock, valued at $482,535.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the sale, the insider now directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold 927,844 shares of company stock valued at $34,570,885 in the last three months. 0.70% of the stock is owned by insiders.

The business 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 dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s dividend payout ratio is 68.59%.

About Exelon Corporation

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.

Earnings History and Estimates for Exelon Corporation (NYSE:EXC)

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