Exelon (NYSE:EXC) released its quarterly earnings results on Friday. The energy giant reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01, MarketWatch Earnings reports. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Exelon updated its FY 2019 guidance to $3.00-3.30 EPS and its FY19 guidance to $3.00-3.30 EPS.
NYSE EXC traded down $0.61 during trading on Friday, hitting $47.52. The company had a trading volume of 277,185 shares, compared to its average volume of 4,924,494. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. Exelon has a one year low of $35.87 and a one year high of $48.17. The firm has a market capitalization of $45.76 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.30 and a beta of 0.39.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 20th will be issued a dividend of $0.3625 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Tuesday, February 19th. Exelon’s dividend payout ratio is currently 53.08%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Moody National Bank Trust Division purchased a new stake in Exelon during the 4th quarter valued at about $26,000. Csenge Advisory Group purchased a new stake in Exelon during the 3rd quarter valued at about $26,000. Braun Bostich & Associates Inc. grew its position in Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after purchasing an additional 209 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Exelon by 84.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 969 shares of the energy giant’s stock valued at $44,000 after purchasing an additional 445 shares during the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in Exelon during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 78.65% of the company’s stock.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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