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Market Update: Exelon Corporation (NYSE:EXC) – DC public service commission rejects Exelon deal for Pepco, offers revised settlement

[Reuters] – The D.C. Public Service Commission voted to revise an offer that Exelon Corp made in order to win approval for its merger with Pepco Holdings Inc, after first rejecting the companies ’ improved offer. The … Read more on this. Exelon Corporation (EXC) , currently valued at $29.31B, opened at $31.86. During today’s session, EXC traded between $31.16 to $32.14 with its 52-week range being $25.09 to $34.98. EXC shares are currently priced at 12.33x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 15.16x forward p/e ratio. The company pays shareholders $1.24 per share in dividend income per year, for a current yield of 3.91%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.53, which would be a $0.04 better when compared to the last year’s annual results. 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. More recently, Citigroup downgraded EXC from Neutral to Sell (Feb 23, 2016). Previously, Citigroup upgraded EXC from Sell to Neutral. Given all the information above, we should disclose to readers that the average price target is $34.24, which is 7.47% above than it 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
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