KeyCorp Weighs in on Exelon Co.’s Q1 2018 Earnings (EXC)

Exelon Co. (NYSE:EXC) – KeyCorp issued their Q1 2018 EPS estimates for Exelon in a research report issued on Thursday. KeyCorp analyst P. Ridzon anticipates that the energy giant will earn $0.95 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $40.00 target price on the stock. KeyCorp also issued estimates for Exelon’s FY2018 earnings at $3.05 EPS and FY2019 earnings at $3.00 EPS.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis.

Several other research analysts have also recently weighed in on EXC. Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Bank of America started coverage on shares of Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and issued a $43.00 price objective on shares of Exelon in a research report on Tuesday, November 7th. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Mizuho started coverage on shares of Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and an average target price of $41.03.

Exelon (NYSE EXC) opened at $36.86 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.01. Exelon has a 1 year low of $33.30 and a 1 year high of $42.67. The firm has a market cap of $35,420.00, a P/E ratio of 9.36, a P/E/G ratio of 2.61 and a beta of 0.23.

Institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. grew its holdings in shares of Exelon by 5.3% in the 4th quarter. Suntrust Banks Inc. now owns 99,112 shares of the energy giant’s stock valued at $3,905,000 after buying an additional 4,961 shares during the period. Timber Hill LLC grew its holdings in shares of Exelon by 406.6% in the 4th quarter. Timber Hill LLC now owns 80,212 shares of the energy giant’s stock valued at $3,161,000 after buying an additional 64,379 shares during the period. Smith Moore & CO. grew its holdings in shares of Exelon by 33.7% in the 4th quarter. Smith Moore & CO. now owns 12,638 shares of the energy giant’s stock valued at $498,000 after buying an additional 3,186 shares during the period. Norinchukin Bank The grew its holdings in shares of Exelon by 4.2% in the 4th quarter. Norinchukin Bank The now owns 130,936 shares of the energy giant’s stock valued at $5,160,000 after buying an additional 5,244 shares during the period. Finally, ARP Americas LP grew its holdings in shares of Exelon by 36.5% in the 4th quarter. ARP Americas LP now owns 15,305 shares of the energy giant’s stock valued at $603,000 after buying an additional 4,094 shares during the period. Institutional investors own 77.71% of the company’s stock.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.345 per share. This is a boost from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, February 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.74%. Exelon’s payout ratio is presently 33.25%.

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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 and Estimates for Exelon (NYSE:EXC)

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