Exelon Co. (NASDAQ:EXC) Plans Quarterly Dividend of $0.38

Exelon Co. (NASDAQ:EXC) announced a quarterly dividend on Tuesday, July 30th, RTT News reports. Stockholders of record on Monday, August 12th will be given a dividend of 0.38 per share on Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.08%.

Exelon has decreased its dividend by an average of 2.0% per year over the last three years. Exelon has a payout ratio of 58.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exelon to earn $2.61 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 58.2%.

Exelon Stock Performance

Shares of EXC stock opened at $37.22 on Wednesday. The company has a market capitalization of $37.22 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 2.69 and a beta of 0.52. Exelon has a 1-year low of $33.35 and a 1-year high of $42.15. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $35.78 and its 200-day simple moving average is $36.20.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. On average, sell-side analysts predict that Exelon will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Barclays increased their price objective on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Morgan Stanley lowered their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. BMO Capital Markets upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Scotiabank dropped their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.09.

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.