Exelon Given “Market Perform” Rating at Sanford C. Bernstein (EXC)
Exelon (NYSE: EXC)‘s stock had its “market perform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Thursday. They currently have a $32.00 price target on the stock.
A number of other analysts have also recently weighed in on EXC. Analysts at UBS AG raised their price target on shares of Exelon from $28.00 to $30.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Exelon in a research note to investors on Thursday, February 28th. Finally, analysts at Drexel Hamilton initiated coverage on shares of Exelon in a research note to investors on Thursday, February 21st. They set a “hold” rating on the stock.
Five investment analysts have rated the stock with a buy rating, one has issued an overweight rating, and eighteen have given a hold rating to the company. Exelon currently has an average rating of “hold” and a consensus price target of $32.72.
Exelon traded up 0.16% on Thursday, hitting $31.86. Exelon has a 1-year low of $28.40 and a 1-year high of $39.95. The stock’s 50-day moving average is currently $30.86. The company has a market cap of $27.241 billion and a price-to-earnings ratio of 22.40.
Exelon last announced its earnings results on Thursday, February 7th. The company reported $0.64 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.64. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter last year, the company posted $0.82 earnings per share. Exelon has set its FY13 guidance at $2.35-2.65 EPS and its Q1 guidance at $0.60-0.70 EPS. Analysts expect that Exelon will post $2.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 8th. Shareholders of record on Tuesday, February 19th will be paid a dividend of $0.53 per share. This represents a $2.10 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Thursday, February 14th.
Exelon Corporation (Exelon) is an energy provider and holding company for several energy businesses. Exelon is engaged in the energy generation business through its Exelon Generation Company, LLC (Generation) subsidiary; wholesale and retail energy sales through its Constellation business unit, and the energy delivery business through its Baltimore Gas and Electric (BGE), Commonwealth Edison Company (ComEd) and PECO Energy Company (PECO) subsidiaries.
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