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Market Update (NYSE:EXC): Exelon Utilities Ready for Summer Heat and Storms

[Business Wire] – With forecasts calling for a higher number of severe storms this summer, Exelon’s six utilities have taken action to prepare, implementing a comprehensive and coordinated plan to be ready for severe storms and high temperatures. Read more on this. Exelon Corporation (EXC) , with a current value of $29.90B, opened this morning at $34.40. Looking at the equity, the company’s one day range is $33.69 to $34.44 and has traded between $25.09 and $35.95 over the past year. EXC shares are currently priced at 13.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.35x earnings multiple. The company pays shareholders $1.27 per share annually in dividends, yielding 3.68%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $0.53 per share, which would be $0.06 worse than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.50 is a $0.01 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.24 Billion. If reported, that would be a 11.21% increase over the year-ago quarter. More recently, Argus upgraded EXC from Hold to Buy (Mar 7, 2016). Previously, Citigroup downgraded EXC from Neutral to Sell. The average price target for EXC shares by the analysts covering it is $36.28, which is 5.47% above where the stock opened. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – Exelon Supports Climate Leadership Conference to Advance Discussion on Low-Carbon Future Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend Market Update (NYSE:EXC): Diversified Utilities Stocks under Review — Exelon, NRG Energy, Public Service Enterprise Group, and Eversource Energy
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