Exelon Co. (EXC) To Go Ex-Dividend on February 24th

Exelon Co. (NASDAQ:EXC) announced a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.40 per share on Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38.

Exelon has decreased its dividend payment by an average of 0.2% annually over the last three years. Exelon has a payout ratio of 57.1% indicating that 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 stock opened at $43.39 on Friday. The firm has a market cap of $43.62 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.56. Exelon has a fifty-two week low of $34.01 and a fifty-two week high of $43.69. The business’s 50 day moving average price is $39.41 and its 200-day moving average price is $39.09. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period last year, the company posted $0.60 EPS. On average, equities research analysts anticipate that Exelon will post 2.64 earnings per share for the current year.

Analysts Set New Price Targets

EXC has been the topic of several research reports. Barclays dropped their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley dropped their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and a consensus price target of $43.38.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was 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 owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

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.