Exelon Corporation (NYSE:EXC) declared a quarterly dividend on Tuesday, July 25th, RTT News reports. Stockholders of record on Tuesday, August 15th will be given a dividend of 0.3275 per share by the energy giant on Friday, September 8th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, August 11th.
Exelon Corporation has decreased its dividend by an average of 4.6% annually over the last three years. Exelon Corporation has a dividend payout ratio of 49.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Exelon Corporation to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.31 annual dividend with an expected future payout ratio of 46.0%.
Exelon Corporation (EXC) opened at 37.50 on Friday. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The firm has a market capitalization of $36.00 billion, a P/E ratio of 19.83 and a beta of 0.27. The stock has a 50 day moving average of $37.05 and a 200-day moving average of $36.03.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. Exelon Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. On average, equities research analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current year.
In other news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the sale, the chairman now directly owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 927,844 shares of company stock valued at $34,570,885. 0.70% of the stock is currently owned by insiders.
Several research firms have recently weighed in on EXC. Barclays PLC restated an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research note on Monday, July 17th. Finally, ValuEngine lowered shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Exelon Corporation currently has a consensus rating of “Buy” and an average target price of $39.92.
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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