Exelon Corporation (NASDAQ:EXC) Plans $0.40 Quarterly Dividend

Key Points

• Exelon Corporation has declared a quarterly dividend of $0.40 per share, with an annualized total of $1.60 and a yield of 3.61%, set to be paid on September 15th to stockholders of record by August 11th.
• The company's payout ratio currently stands at 56.7%, ensuring the dividend is well-covered by earnings, with expectations of $2.78 earnings per share next year.
• Exelon's shares experienced a moderate increase, trading at $44.30 with a market capitalization of $44.72 billion, amid positive earnings results showing a net margin of 11.44% and quarterly revenue growth of 11.1% year-over-year.

Exelon Corporation (NASDAQ:EXC - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.40 per share on Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.61%.

Exelon has a payout ratio of 56.7% meaning its dividend is sufficiently covered by earnings. 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

Shares of EXC traded up $0.89 during trading hours on Tuesday, reaching $44.30. The company had a trading volume of 5,226,270 shares, compared to its average volume of 7,446,071. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The firm has a 50 day simple moving average of $43.23 and a 200-day simple moving average of $43.45. Exelon has a 12-month low of $35.94 and a 12-month high of $48.11. The company has a market capitalization of $44.72 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.58 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period last year, the firm posted $0.68 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts expect that Exelon will post 2.64 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Exelon stock. Woodline Partners LP raised its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 40.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,925 shares of the company's stock after buying an additional 24,580 shares during the period. Woodline Partners LP's holdings in Exelon were worth $3,913,000 at the end of the most recent reporting period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXC. UBS Group restated a "neutral" rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. BMO Capital Markets lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. KeyCorp lowered their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley lowered their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $47.20.

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.

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