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

Exelon Co. (NASDAQ:EXC) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders 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 dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, November 8th.

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. 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 Stock Performance

Shares of EXC stock opened at $38.47 on Wednesday. Exelon has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. The business has a 50 day simple moving average of $39.66 and a 200 day simple moving average of $37.74.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. On average, equities research analysts anticipate that Exelon will post 2.45 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXC shares. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Barclays raised their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and an average 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.