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

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

Exelon has decreased its dividend by an average of 2.0% annually over the last three years. Exelon has a payout ratio of 58.0% indicating that 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 Price Performance

Shares of NASDAQ:EXC opened at $37.22 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. Exelon has a one year low of $33.35 and a one year high of $42.15. The company has a 50-day simple moving average of $35.78 and a 200-day simple moving average of $36.20. The stock has a market capitalization of $37.22 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.69 and a beta of 0.52.

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

Analyst Upgrades and Downgrades

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