The Exelon Corp. (EXC) to Post FY2018 Earnings of $2.85 Per Share, Jefferies Group Forecasts

The Exelon Corp. (EXC) to Post FY2018 Earnings of $2.85 Per Share, Jefferies Group Forecasts

Exelon Corp. (NYSE:EXC) – Stock analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for shares of Exelon Corp. in a research report issued on Monday. Jefferies Group analyst A. Crowdell expects that the firm will earn $2.85 per share for the year. Jefferies Group currently has a “Buy” rating and a $36.00 target price on the stock. Jefferies Group also issued estimates for Exelon Corp.’s FY2019 earnings at $2.65 EPS.

EXC has been the subject of several other research reports. Morgan Stanley set a $38.00 target price on shares of Exelon Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Deutsche Bank AG raised shares of Exelon Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $39.00 in a report on Friday, July 22nd. Zacks Investment Research downgraded shares of Exelon Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. JPMorgan Chase & Co. cut their price target on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Finally, Citigroup Inc. boosted their price target on shares of Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Exelon Corp. currently has an average rating of “Hold” and a consensus price target of $36.33.

Exelon Corp. (NYSE:EXC) traded up 1.12% during trading on Tuesday, reaching $32.51. 4,361,850 shares of the company’s stock traded hands. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70. The stock has a market cap of $30.00 billion, a price-to-earnings ratio of 21.76 and a beta of 0.25. The company’s 50 day moving average is $33.72 and its 200-day moving average is $34.83.

Exelon Corp. (NYSE:EXC) last released its quarterly earnings results on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.30 billion. During the same period last year, the firm earned $0.59 earnings per share. Exelon Corp.’s revenue for the quarter was up 6.1% compared to the same quarter last year.

In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the transaction, the chief executive officer now directly owns 18,109 shares in the company, valued at $633,815. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kenneth W. Cornew sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $36.47, for a total transaction of $1,094,100.00. Following the completion of the transaction, the chief executive officer now owns 32,844 shares in the company, valued at $1,197,820.68. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its position in shares of Exelon Corp. by 6.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,222,321 shares of the energy giant’s stock worth $626,203,000 after buying an additional 1,070,084 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Exelon Corp. by 5.2% in the second quarter. BlackRock Fund Advisors now owns 15,611,169 shares of the energy giant’s stock worth $567,622,000 after buying an additional 777,966 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of Exelon Corp. by 9.7% in the second quarter. BlackRock Advisors LLC now owns 10,455,121 shares of the energy giant’s stock worth $380,148,000 after buying an additional 924,568 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Exelon Corp. by 2.6% in the second quarter. BlackRock Group LTD now owns 8,845,979 shares of the energy giant’s stock worth $321,639,000 after buying an additional 223,970 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Exelon Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 8,151,213 shares of the energy giant’s stock worth $291,761,000 after buying an additional 58,544 shares during the last quarter. Institutional investors and hedge funds own 74.90% of the company’s stock.

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