Exelon (EXC) Earning Somewhat Favorable News Coverage, Study Finds

News articles about Exelon (NYSE:EXC) have trended somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Exelon earned a coverage optimism score of 0.13 on AlphaOne’s scale. AlphaOne also gave news headlines about the energy giant an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Alpha One’s scoring:

Exelon (NYSE:EXC) opened at 35.37 on Wednesday. Exelon has a 1-year low of $29.82 and a 1-year high of $37.70. The company has a market cap of $32.76 billion, a price-to-earnings ratio of 16.83 and a beta of 0.26. The stock has a 50 day moving average price of $35.03 and a 200-day moving average price of $34.95.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.69 billion. Exelon had a net margin of 3.59% and a return on equity of 9.24%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. On average, equities research analysts forecast that Exelon will post $2.67 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Monday, May 15th will be issued a dividend of $0.3275 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.31 annualized dividend and a yield of 3.70%. Exelon’s dividend payout ratio is currently 106.50%.

Several research firms have recently weighed in on EXC. BMO Capital Markets restated a “hold” rating and issued a $37.00 price target on shares of Exelon in a research note on Thursday, May 4th. Jefferies Group LLC reiterated a “buy” rating and set a $39.50 price objective on shares of Exelon in a research report on Thursday, April 20th. Citigroup Inc upped their price objective on Exelon from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, April 3rd. Credit Suisse Group AG initiated coverage on Exelon in a research report on Wednesday, January 25th. They set an “outperform” rating and a $39.00 price objective for the company. Finally, Morgan Stanley cut Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, March 28th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.73.

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In other news, Director John W. Rogers, Jr. purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of $33.57 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director now directly owns 14,374 shares of the company’s stock, valued at approximately $482,535.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.80% of the company’s stock.

Exelon 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.

12 Month Chart for NYSE:EXC

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