Exelon Co. (NYSE:EXC) – SunTrust Banks increased their Q1 2018 earnings per share (EPS) estimates for Exelon in a report released on Thursday. SunTrust Banks analyst A. Agha now anticipates that the energy giant will post earnings of $0.95 per share for the quarter, up from their previous forecast of $0.71. SunTrust Banks currently has a “Buy” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for Exelon’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $3.04 EPS.
Several other brokerages also recently commented on EXC. Morgan Stanley increased their price objective on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Mizuho began coverage on shares of Exelon in a research note on Friday, December 15th. They issued an “underperform” rating and a $36.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $43.00 price objective on shares of Exelon in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Bank of America assumed coverage on shares of Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.03.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. Exelon’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in EXC. CI Global Investments Inc. raised its stake in Exelon by 71.9% during the fourth 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. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Exelon by 51,895.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,367,739 shares of the energy giant’s stock worth $132,723,000 after buying an additional 3,361,262 shares during the last quarter. Bank of Montreal Can raised its stake in Exelon by 44.6% during the fourth 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. raised its stake in Exelon by 40.3% during the third 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. Finally, Capital International Investors raised its stake in Exelon by 20.6% during the third 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. 77.71% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the firm’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 transaction, the executive vice president now owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.74%. This is an increase from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio (DPR) 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.
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