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

Exelon Co. (NASDAQ:EXC) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.38 per share on Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, May 10th.

Exelon has decreased its dividend payment by an average of 2.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Exelon has a dividend payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exelon to earn $2.62 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 58.0%.

Exelon Trading Up 1.0 %

Shares of EXC opened at $37.91 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The firm’s 50-day moving average is $36.98 and its two-hundred day moving average is $36.97. Exelon has a twelve month low of $33.35 and a twelve month high of $43.53. The firm has a market capitalization of $37.91 billion, a P/E ratio of 16.34, a PEG ratio of 2.71 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, research analysts predict that Exelon will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Wells Fargo & Company increased their price target on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. Scotiabank lowered their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Barclays increased their price target on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.83.

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.