Market Update: Exelon Corporation (NYSE:EXC) – Exelon Notifies Nuclear Energy Regulator of Plans to Close Clinton and Quad Cities

[Business Wire] – Exelon Generation earlier this week formally notified the Nuclear Regulatory Commission of plans to retire the Clinton and Quad Cities nuclear stations in 2017 and 2018, respectively. Read more on this. Exelon Corporation (EXC) , valued at $30.69B, opened at $34.84. During today’s session, EXC traded between $34.50 to $34.88 with its 52-week range being $25.09 to $35.95. Exelon (EXC) shares are currently priced at 13.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.26x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.27 per share annually in dividends, yielding 3.67%. Consensus earnings for the current quarter by the 12 sell-side analysts covering the stock is an estimate of $0.53 per share, which would be $0.06 worse than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $2.50 is a $0.01 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.24 Billion. If realized, that would be a 11.21% 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. Given all the information above, we should disclose to readers that the average price target is $36.06, which is 3.50% above than it opened this morning. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – Mike Kormos Joins Exelon as Senior Vice President of Wholesale Markets and Energy Policy Company Update: Exelon Corporation (NYSE:EXC) – Exelon Announces Early Retirement of Clinton and Quad Cities Nuclear Plants Company Update: Exelon Corporation (NYSE:EXC) – Northwestern University and Exelon Establish Partnership for Clean Energy Innovation