Exelon Corporation (EXC) Receiving Somewhat Positive Press Coverage, Study Finds
News articles about Exelon Corporation (NYSE:EXC) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Exelon Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the energy giant an impact score of 46.1406930716898 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Exelon Corporation (EXC) versus Xcel Energy (XEL) Critical Survey (americanbankingnews.com)
- Insider Selling: Exelon Corporation (EXC) EVP Sells 25,000 Shares of Stock (americanbankingnews.com)
- Exelon Corporation (EXC) to Issue $0.33 Quarterly Dividend (americanbankingnews.com)
- Trade Commission Rules Chinese Imports Hurt Bankrupt Solar Companies (power-eng.com)
- Solar Power Becomes Top Power Source Installed Worldwide (power-eng.com)
A number of analysts have weighed in on the company. Deutsche Bank AG reiterated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a report on Monday, July 17th. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Barclays PLC reiterated an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. Finally, Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.17.
Shares of Exelon Corporation (NYSE:EXC) opened at 37.60 on Tuesday. The firm has a market capitalization of $36.10 billion, a P/E ratio of 19.88 and a beta of 0.28. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The stock has a 50 day moving average price of $37.97 and a 200 day moving average price of $36.45.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. Exelon Corporation’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts forecast that Exelon Corporation will post $2.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.48%. Exelon Corporation’s dividend payout ratio is currently 68.59%.
In related news, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the transaction, the chief financial officer now owns 237,181 shares in the company, valued at $9,012,878. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the insider now owns 57,243 shares in the company, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold 486,952 shares of company stock worth $18,509,309 in the last quarter. 0.70% of the stock is owned by corporate insiders.
About Exelon Corporation
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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