Exelon (EXC) Issues Earnings Results, Misses Expectations By $0.05 EPS

Exelon (NYSE:EXC) issued its earnings results on Wednesday. The energy giant reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05), Morningstar.com reports. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Exelon updated its FY18 guidance to $2.90-3.20 EPS.

Shares of Exelon (NYSE:EXC) traded up $0.82 during midday trading on Wednesday, hitting $37.29. The stock had a trading volume of 514,643 shares, compared to its average volume of 6,628,189. Exelon has a 12-month low of $33.30 and a 12-month high of $42.67. The stock has a market cap of $35,446.44, a P/E ratio of 16.35, a PEG ratio of 2.93 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.345 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Wednesday, February 14th. Exelon’s payout ratio is currently 58.74%.

A number of analysts recently commented on the company. UBS Group assumed coverage on Exelon in a research report on Friday, February 2nd. They issued a “buy” rating and a $44.00 target price for the company. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. SunTrust Banks reissued a “buy” rating and set a $41.00 price objective on shares of Exelon in a report on Thursday, October 12th. Mizuho raised Exelon from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $36.00 to $40.00 in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Exelon has a consensus rating of “Buy” and a consensus target price of $41.34.

In other news, EVP Paymon Aliabadi sold 13,334 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now owns 26,435 shares in the company, valued at approximately $1,073,789.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in EXC. CI Global Investments Inc. boosted its stake in shares of Exelon by 71.9% in the 4th quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock worth $326,987,000 after buying an additional 3,470,082 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Exelon by 44.6% in the 4th quarter. Bank of Montreal Can now owns 6,241,334 shares of the energy giant’s stock worth $245,971,000 after buying an additional 1,926,273 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Exelon by 40.3% in the 3rd quarter. APG Asset Management N.V. now owns 5,575,631 shares of the energy giant’s stock worth $210,034,000 after buying an additional 1,600,200 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Exelon by 1,261.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,684,070 shares of the energy giant’s stock worth $60,745,000 after buying an additional 1,560,416 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Exelon by 20.6% in the 3rd quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after buying an additional 1,415,400 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

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Exelon 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.

Earnings History for Exelon (NYSE:EXC)

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