Market Update: Exelon Corporation (NYSE:EXC) – Washington, D.C. approves Pepco-Exelon merger -Washington Post

[Reuters] – Washington, D.C. regulators on Wednesday approved power company Exelon Corp’s merger with Pepco Holdings Inc, the Washington Post reported. The D.C. Public Service Commission voted 2-to-1 to approve the … Read more on this. Exelon Corporation (EXC) , currently valued at $31.96B, began trading this morning at $34.98. A quick look at the market, the company’s stock traded between $34.62 and $35.50 with a one year range of $25.09 to $35.50. EXC shares are currently priced at 13.84x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.94x earnings multiple. The company pays shareholders $1.24 per share annually in dividends, yielding 3.56%. According to a consensus of 7 analysts, the earnings estimate of $0.74 per share would be $0.03 better than the year-ago quarter and a $0.04 sequential increase. Investors should also note that the full-year EPS estimate of $2.52 is a $0.03 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 $5.92 Billion. If realized, that would be a 31.48% decrease 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. When considering if perhaps the stock is under or overvalued, the average price target is $34.25, which is 2.09% below where the stock opened this morning. See more in (NYSE:EXC) Similar Articles: Stock Update: Exelon Corporation (NYSE:EXC) – Washington, D.C. agency cannot agree to Pepco, Exelon proposals on merger 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 Market Update: Exelon Corporation (NYSE:EXC) – Exelon and Pepco Holdings File for Reconsideration of Their Merger