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Stock Update (NYSE:EXC): Exelon Announces Outcome of 2019-2020 PJM Capacity Auction

[Business Wire] – Exelon Corporation today announced that its Quad Cities and Three Mile Island nuclear plants did not clear in the PJM capacity auction for the 2019-2020 planning year and will not receive capacity revenue for that period. Read more on this. Exelon Corporation (EXC) , with a current value of $31.03B, opened at $33.66. Shares have traded today between $33.27 and $33.67 per share and has traded between $25.09 and $35.95 over the past 12 months. Exelon (EXC) shares are currently priced at 13.28x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.79x earnings multiple for the same period. The company pays shareholders $1.27 per share annually in dividends, yielding 3.77%. According to a consensus of 11 analysts, the earnings estimate of $0.53 per share would be $0.06 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.54 which would be a $0.05 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.06 Billion. If realized, that would be a 8.45% increase over the year-ago quarter. In terms of ratings, Argus upgraded EXC from Hold to Buy (Mar 7, 2016). Previously, Citigroup downgraded EXC from Neutral to Sell. When considering if the stock is under or overvalued, the average price target is $37.00, which is 9.92% above where the stock opened this morning. See more in (NYSE:EXC) Similar Articles: Stock Update: Exelon Corporation (NYSE:EXC) – Exelon Announces Outcome of 2016-2017 MISO Auction Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend Stock Update: Exelon Corporation (NYSE:EXC) – RES Announces Sale of the Bluestem Wind Project to Exelon Generation
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