Exelon Co. (EXC) to Issue Quarterly Dividend of $0.38 on December 13th

Exelon Co. (NASDAQ:EXC) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Stockholders of record on Monday, November 11th will be given 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 by an average of 2.0% annually over the last three years. Exelon has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Up 1.3 %

Shares of NASDAQ EXC opened at $38.47 on Wednesday. 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’s 50-day moving average is $39.66 and its two-hundred day moving average is $37.74. Exelon has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a market capitalization of $38.66 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities analysts anticipate that Exelon will post 2.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXC shares. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley raised their target price 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. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Barclays upped their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.