Exelon Co. (NASDAQ:EXC) to Issue $0.40 Quarterly Dividend

Exelon Co. (NASDAQ:EXC - Get Free Report) announced a quarterly dividend on Tuesday, April 29th, RTT News reports. Investors of record on Monday, May 12th will be paid a dividend of 0.40 per share on Friday, June 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, May 12th.

Exelon has decreased its dividend payment by an average of 0.2% annually over the last three years. Exelon has a dividend payout ratio of 56.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exelon to earn $2.78 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 57.6%.

Exelon Price Performance

EXC stock traded down $0.21 during mid-day trading on Friday, reaching $46.40. 2,158,116 shares of the company's stock were exchanged, compared to its average volume of 7,254,032. The company has a market cap of $46.84 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The stock's 50 day moving average is $45.01 and its 200 day moving average is $41.23. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon has a 12-month low of $34.01 and a 12-month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, research analysts expect that Exelon will post 2.64 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Morgan Stanley lifted their price target on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, UBS Group raised their target price on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $47.33.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

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.