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

Exelon Co. (NASDAQ:EXC) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.38 per share on Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 4.08%.

Exelon has decreased its dividend by an average of 2.0% per year over the last three years. Exelon has a payout ratio of 58.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Exelon to earn $2.61 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 58.2%.

Exelon Stock Up 0.9 %

NASDAQ EXC traded up $0.33 during trading on Tuesday, reaching $37.22. 7,455,923 shares of the company’s stock traded hands, compared to its average volume of 6,848,553. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market cap of $37.22 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 2.68 and a beta of 0.52. The company’s 50 day simple moving average is $35.81 and its two-hundred day simple moving average is $36.19. Exelon has a 12-month low of $33.35 and a 12-month high of $42.15.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, sell-side analysts forecast that Exelon will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EXC shares. Barclays lifted their price objective on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Morgan Stanley decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Scotiabank decreased their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.09.

Exelon Company Profile

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.