Exelon Corporation (EXC) Releases FY17 Earnings Guidance
Exelon Corporation (NYSE:EXC) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus estimate of $2.69.
Several analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of Exelon Corporation in a report on Tuesday, October 24th. They issued a buy rating and a $43.00 price target on the stock. Zacks Investment Research raised shares of Exelon Corporation from a sell rating to a hold rating in a report on Friday, October 20th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $41.00 price target on shares of Exelon Corporation in a report on Thursday, October 12th. J P Morgan Chase & Co upped their price target on shares of Exelon Corporation from $40.00 to $42.00 and gave the company an overweight rating in a report on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Exelon Corporation from a neutral rating to a sell rating and set a $35.00 price target on the stock. in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Exelon Corporation has a consensus rating of Buy and an average target price of $40.43.
Exelon Corporation (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.02). The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is currently 68.59%.
In other news, Chairman Mayo A. Shattuck III sold 193,462 shares of Exelon Corporation stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.26, for a total value of $7,788,780.12. Following the transaction, the chairman now directly owns 402,234 shares of the company’s stock, valued at $16,193,940.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the transaction, the executive vice president now directly owns 39,769 shares in the company, valued at $1,523,550.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,212,787 shares of company stock worth $48,570,909. 0.70% of the stock is currently owned by insiders.
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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.
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