Exelon (EXC) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Exelon (NYSE:EXC) announced its quarterly earnings data on Wednesday. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05), Bloomberg Earnings reports. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Exelon updated its FY18 guidance to $2.90-3.20 EPS.

Exelon (NYSE:EXC) opened at $36.00 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. Exelon has a twelve month low of $33.30 and a twelve month high of $42.67. The firm has a market cap of $34,707.18, a PE ratio of 9.11, a price-to-earnings-growth ratio of 2.78 and a beta of 0.23.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.345 per share. This is an increase from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, February 14th. Exelon’s dividend payout ratio (DPR) is 33.16%.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction dated 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 directly owns 26,435 shares in the company, valued at approximately $1,073,789.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Scotia Capital Inc. boosted its position in shares of Exelon by 8.6% in the second quarter. Scotia Capital Inc. now owns 8,868 shares of the energy giant’s stock worth $320,000 after acquiring an additional 699 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Exelon by 24.3% in the second quarter. Advisory Services Network LLC now owns 4,647 shares of the energy giant’s stock worth $168,000 after acquiring an additional 908 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Exelon by 4.8% in the third quarter. Daiwa Securities Group Inc. now owns 27,526 shares of the energy giant’s stock worth $1,037,000 after acquiring an additional 1,250 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Exelon by 20.5% in the third quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock worth $282,000 after acquiring an additional 1,273 shares during the last quarter. Finally, ARGI Investment Services LLC boosted its position in shares of Exelon by 2.9% in the third quarter. ARGI Investment Services LLC now owns 47,458 shares of the energy giant’s stock worth $1,788,000 after acquiring an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Several analysts recently commented on the stock. KeyCorp reduced their price objective on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley reduced their price objective on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Thursday. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, February 2nd. SunTrust Banks set a $42.00 price objective on shares of Exelon and gave the company a “buy” rating in a research note on Monday. Finally, UBS Group assumed coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $41.16.

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About Exelon

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.

Earnings History for Exelon (NYSE:EXC)

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