Market Update: Exelon Corporation (NYSE:EXC) – Pepco Holdings and Exelon Make Filing to Provide Several Pathways to Secure Merger’s Significant Benefits for Pepco Customers

[Business Wire] – In a filing to the Public Service Commission of the District of Columbia today, Pepco Holdings Inc. and Exelon Corporation proposed three approaches, any one of which, if approved, would prevent the loss of more than $78 million in direct benefits for the District and Pepco customers, and allow the companies to complete the merger. Read more on this. Exelon Corporation (EXC) , with a current market cap of $31.19B, opened at $33.48. Looking at today’s market, EXC one day range is $33.30 to $33.95 with its 52-week range being $25.09 to $34.98. Priced at 13.19x this year’s forecasted earnings, EXC shares are relatively inexpensive compared to the industry’s 16.06x forward p/e ratio. The company pays shareholders $1.24 per share annually in dividends, yielding 3.72%. In a review of the consensus earnings estimate this quarter, 6 sell-side analysts are looking at $0.74 per share, which would be $0.03 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.53, which would be a $0.04 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.00 Billion. If realized, that would be a 30.56% decrease over the year-ago quarter. Recently, Argus upgraded EXC from Hold to Buy (Mar 7, 2016). Previously, Citigroup downgraded EXC from Neutral to Sell. With the above information in mind, readers should note that the average price target is $34.00, which is 1.55% above where the stock opened this morning. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – More Than 40,000 District Residents Sign Petition in Support of the Pepco Holdings-Exelon Merger 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