Market Update: Exelon Corporation (NYSE:EXC) – More Than 40,000 District Residents Sign Petition in Support of the Pepco Holdings-Exelon Merger

[Business Wire] – More than 40,000 District of Columbia residents have signed a petition in support of the merger of Pepco Holdings Inc. and Exelon Corporation . A list of those who signed the petition was filed yesterday with the Public Service Commission of the District of Columbia and is available here. Read more on this. Exelon Corporation (EXC) , with a current market cap of $24.31B, began trading this morning at $25.68. Looking at today’s market, EXC one day range is $25.63 to $26.59 with a one year range of $25.09 to $38.93. Priced at 10.14x this year’s forecasted earnings, EXC shares are relatively inexpensive compared to the industry’s 12.93x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.24 per share annually in dividends, yielding 4.78%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $0.41 per share, which would be $0.07 worse than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $2.51 is a $0.12 better 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 $5.76 Billion. If realized, that would be a 17.00% decrease over the year-ago quarter. In terms of ratings, Guggenheim upgraded EXC from Neutral to Buy (Sep 25, 2015). Previously, BofA/Merrill upgraded EXC from Underperform to Neutral. The average price target for EXC shares by the analysts covering it is $34.41, which is 34.00% above where the stock opened. See more in (NYSE:EXC) Similar Articles: Stock Update: Exelon Corporation (NYSE:EXC) – Pepco Holdings and Exelon Reach Merger Settlement with District of Columbia Government Market Update: Exelon Corporation (NYSE:EXC) – Exelon and Pepco Holdings File for Reconsideration of Their Merger Company Update: Exelon Corporation (NYSE:EXC) – Community, Business Leaders Voice Support for Pepco Holdings-Exelon Merger as Good for D.C.