SunTrust Banks Equities Analysts Boost Earnings Estimates for Exelon Co. (EXC)
Exelon Co. (NYSE:EXC) – Investment analysts at SunTrust Banks lifted their FY2018 EPS estimates for Exelon in a research report issued to clients and investors on Wednesday, October 17th. SunTrust Banks analyst A. Agha now anticipates that the energy giant will post earnings per share of $3.14 for the year, up from their prior forecast of $3.11. SunTrust Banks has a “Hold” rating and a $45.00 price target on the stock.
A number of other research analysts have also recently commented on the company. Wells Fargo & Co boosted their price objective on Exelon from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Morgan Stanley boosted their price objective on Exelon from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Macquarie boosted their price objective on Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. KeyCorp boosted their price objective on Exelon from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 17th. Finally, Citigroup boosted their price objective on Exelon from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 9th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.50.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Wednesday, November 14th. Exelon’s payout ratio is 53.08%.
Several hedge funds and other institutional investors have recently made changes to their positions in EXC. Landaas & Co. WI ADV purchased a new stake in shares of Exelon during the second quarter worth about $116,000. Private Capital Group LLC increased its position in shares of Exelon by 836.4% during the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock worth $132,000 after acquiring an additional 3,011 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Exelon during the third quarter worth about $152,000. Summit Trail Advisors LLC increased its position in shares of Exelon by 2,718.1% during the first quarter. Summit Trail Advisors LLC now owns 154,178 shares of the energy giant’s stock worth $154,000 after acquiring an additional 148,707 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Exelon during the second quarter worth about $160,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.
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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