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

Exelon Co. (NASDAQ:EXC) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Investors 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 yield of 4.08%.

Exelon has decreased its dividend payment 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. 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

NASDAQ:EXC traded up $0.33 during midday trading on Tuesday, reaching $37.22. The stock had a trading volume of 7,455,923 shares, compared to its average volume of 6,848,553. The firm has a fifty day simple moving average of $35.81 and a two-hundred day simple moving average of $36.19. Exelon has a 12-month low of $33.35 and a 12-month high of $42.15. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The stock has a market cap of $37.22 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.68 and a beta of 0.52.

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

Wall Street Analysts Forecast Growth

EXC has been the topic of several research analyst reports. Scotiabank decreased their target price 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. Wells Fargo & Company boosted their target price on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Morgan Stanley cut their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Barclays upped their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $39.09.

About Exelon

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.