Exelon Corporation (EXC) Earning Somewhat Favorable News Coverage, Analysis Shows
News coverage about Exelon Corporation (NYSE:EXC) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Exelon Corporation earned a news impact score of 0.05 on Accern’s scale. Accern also gave headlines about the energy giant an impact score of 44.8885460825865 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Exelon and its utilities donate $250000 to the American Red Cross and other nonprofits, directing funds to areas … – Chicago Daily Herald (dailyherald.com)
- Energy Department Offers Up to $3.7 Billion to Finish Vogtle Expansion (power-eng.com)
- Exelon : Statement on Secretary of Energy’s Proposal to Support U.S. Baseload Generating Facilities (4-traders.com)
- Financial Contrast: Exelon (EXC) vs. The Competition (americanbankingnews.com)
- NRC Renews South Texas Project Nuclear Operating License (power-eng.com)
Shares of Exelon Corporation (NYSE:EXC) traded up 0.72% during mid-day trading on Friday, hitting $37.67. 6,891,931 shares of the stock were exchanged. The stock’s 50-day moving average price is $37.97 and its 200-day moving average price is $36.45. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The company has a market cap of $36.17 billion, a P/E ratio of 19.92 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The firm had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is presently 68.59%.
EXC has been the topic of a number of recent research reports. Barclays PLC reissued an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their price target on shares of Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. KeyCorp reaffirmed a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Friday, September 1st. Finally, Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exelon Corporation currently has an average rating of “Buy” and a consensus target price of $40.17.
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In other news, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the sale, the chief financial officer now directly owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 486,952 shares of company stock worth $18,509,309. Insiders own 0.70% of the company’s stock.
Exelon Corporation Company Profile
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.
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