Exelon Co. to Issue Quarterly Dividend of $0.38 (NASDAQ:EXC)

Exelon Co. (NASDAQ:EXC) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Investors of record on Monday, November 11th will be paid a dividend of 0.38 per share on Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 3.84%.

Exelon has decreased its dividend payment by an average of 2.0% per year over the last three years. Exelon has a dividend payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Exelon to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 57.8%.

Exelon Trading Down 1.7 %

Shares of NASDAQ EXC traded down $0.68 during mid-day trading on Tuesday, hitting $39.55. 7,521,051 shares of the company traded hands, compared to its average volume of 6,731,161. Exelon has a 1 year low of $33.35 and a 1 year high of $41.48. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.90 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average of $39.55 and a two-hundred day moving average of $37.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the prior year, the business earned $0.41 EPS. On average, sell-side analysts anticipate that Exelon will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company lifted their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley lifted their target price on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus target price of $41.33.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.