Exelon Corporation (EXC) To Go Ex-Dividend on November 10th

Exelon Corporation (NASDAQ:EXC) declared a quarterly dividend on Wednesday, October 29th. Shareholders of record on Monday, November 10th will be given a dividend of 0.40 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th.

Exelon has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Exelon has a dividend payout ratio of 56.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Exelon to earn $2.78 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 57.6%.

Exelon Stock Up 1.1%

Shares of EXC stock opened at $46.21 on Friday. The company has a market capitalization of $46.67 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.93 and a beta of 0.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon has a twelve month low of $35.94 and a twelve month high of $48.51. The stock’s 50 day simple moving average is $45.41 and its 200 day simple moving average is $44.54.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts predict that Exelon will post 2.64 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXC shares. Evercore ISI began coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. KeyCorp increased their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. UBS Group boosted their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Morgan Stanley increased their price objective on shares of Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and a consensus target price of $50.55.

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.