Exelon Co. (NYSE:EXC) – Investment analysts at SunTrust Banks cut their Q3 2020 earnings estimates for shares of Exelon in a research report issued on Tuesday, February 11th. SunTrust Banks analyst A. Agha now forecasts that the energy giant will post earnings per share of $0.89 for the quarter, down from their previous forecast of $0.90. SunTrust Banks has a “Hold” rating and a $46.00 price target on the stock. SunTrust Banks also issued estimates for Exelon’s Q4 2020 earnings at $0.81 EPS.
Exelon (NYSE:EXC) last posted its earnings results on Tuesday, February 11th. The energy giant reported $0.83 EPS for the quarter, topping the consensus estimate of $0.73 by $0.10. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period last year, the company earned $0.58 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year.
EXC has been the topic of a number of other research reports. Wolfe Research set a $55.00 price target on shares of Exelon and gave the stock a “buy” rating in a research report on Friday, November 1st. Credit Suisse Group boosted their price target on shares of Exelon from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup decreased their price target on shares of Exelon from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Co upped their target price on shares of Exelon from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Exelon has a consensus rating of “Buy” and an average price target of $52.91.
NYSE:EXC opened at $49.76 on Friday. The firm’s 50 day simple moving average is $47.03 and its 200 day simple moving average is $46.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon has a one year low of $43.42 and a one year high of $51.18. The company has a market cap of $46.85 billion, a PE ratio of 15.95, a P/E/G ratio of 4.50 and a beta of 0.26.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 20th will be given a $0.3825 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.07%. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 19th. Exelon’s dividend payout ratio is 46.47%.
Several hedge funds have recently bought and sold shares of EXC. Asset Dedication LLC grew its position in Exelon by 117.6% during the third quarter. Asset Dedication LLC now owns 555 shares of the energy giant’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Exelon during the fourth quarter valued at approximately $27,000. Great Diamond Partners LLC purchased a new stake in shares of Exelon during the fourth quarter valued at approximately $30,000. Ancora Advisors LLC purchased a new stake in shares of Exelon during the fourth quarter valued at approximately $31,000. Finally, Citizens Financial Group Inc RI boosted its stake in shares of Exelon by 136.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 715 shares of the energy giant’s stock valued at $32,000 after purchasing an additional 412 shares during the period. Institutional investors own 78.99% of the company’s stock.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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