Tuesday, September 23, 2014

Exelon Given “BBB+” Credit Rating by Morningstar (EXC)

September 9th, 2014 - 0 comments - Filed Under - by Nicole Kennedy

Exelon (NYSE:EXC) has earned a “BBB+” credit ratinghttp://images.intellitxt.com/ast/adTypes/icon1.png from Morningstar. The agency’s “BBB+” rating indicates that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a four star rating.

A number of other analystshttp://images.intellitxt.com/ast/adTypes/icon1.png have also recently weighed in on EXC. Analysts at SunTrust raised their price target on shares of Exelon from $33.00 to $34.00 in a research note on Tuesday, August 26th. Separately, analysts at Tigress Financial initiated coverage on shares of Exelon in a research note on Friday, August 8th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Exelon currently has an average rating of “Hold” and a consensus price target of $32.35.

Exelon (NYSE:EXC) opened at 33.44 on Tuesday. Exelon has a 52-week low of $26.45 and a 52-week high of $37.73. The stock’s 50-day moving average is $32.11 and its 200-day moving average is $33.69. The companyhttp://images.intellitxt.com/ast/adTypes/icon1.png has a market cap of $28.732 billion and a P/E ratio of 15.81. Exelon also was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 82,565,730 shares, a decline of 3.5% from the July 31st total of 85,541,227 shares. Currently, 9.0% of the company’s shares are short sold. Based on an average trading volume of 6,670,687 shares, the short-interest ratio is presently 12.4 days.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that Exelon will post $2.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, August 13th.

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