Equities Analysts Offer Predictions for Exelon Co.’s Q3 2018 Earnings (NYSE:EXC)

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Exelon Co. (NYSE:EXC) – Research analysts at SunTrust Banks boosted their Q3 2018 earnings estimates for Exelon in a research report issued to clients and investors on Wednesday, October 17th, Zacks Investment Research reports. SunTrust Banks analyst A. Agha now anticipates that the energy giant will earn $0.88 per share for the quarter, up from their previous estimate of $0.85. SunTrust Banks currently has a “Hold” rating and a $45.00 target price on the stock.

Several other research firms have also recently issued reports on EXC. Guggenheim reaffirmed a “buy” rating and issued a $51.00 price target on shares of Exelon in a report on Monday, July 23rd. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, July 20th. Macquarie upped their price target on shares of Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, September 24th. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of Exelon in a report on Wednesday. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Exelon currently has a consensus rating of “Hold” and an average target price of $46.00.

Shares of NYSE EXC traded up $0.29 during trading on Friday, reaching $45.04. 5,877,060 shares of the stock were exchanged, compared to its average volume of 6,422,645. Exelon has a twelve month low of $35.57 and a twelve month high of $45.29. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. The stock has a market cap of $43.20 billion, a P/E ratio of 17.32, a PEG ratio of 2.87 and a beta of 0.26.

Exelon (NYSE:EXC) last posted its earnings results on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $8.74 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the business. West Chester Capital Advisors Inc. grew its position in shares of Exelon by 8.4% during the third quarter. West Chester Capital Advisors Inc. now owns 15,682 shares of the energy giant’s stock worth $685,000 after acquiring an additional 1,219 shares during the last quarter. Credit Agricole S A grew its position in shares of Exelon by 24.5% during the second quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock worth $265,000 after acquiring an additional 1,225 shares during the last quarter. IFP Advisors Inc grew its position in shares of Exelon by 4.2% during the second quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock worth $1,318,000 after acquiring an additional 1,234 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of Exelon by 4.5% during the second quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock worth $1,218,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Lincoln National Corp grew its position in shares of Exelon by 13.2% during the second quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock worth $454,000 after acquiring an additional 1,240 shares during the last quarter. Hedge funds and other institutional investors own 78.89% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 annualized dividend and a yield of 3.06%. Exelon’s payout ratio is 53.08%.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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