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Company Update: Exelon Corporation (NYSE:EXC) – Exelon Announces Early Retirement of Clinton and Quad Cities Nuclear Plants

[Business Wire] – Exelon Corporation today announced it will move forward to shut down the Clinton and Quad Cities nuclear plants, given the lack of progress on Illinois energy legislation. Read more on this. Exelon Corporation (EXC) , valued at $30.51B, began trading this morning at $34.30. Today’s price range has been between $34.24 and $34.62 per share with its 52-week range being $25.09 to $35.95. Exelon (EXC) shares are currently priced at 13.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.76x earnings multiple for the same period. The company pays shareholders $1.27 per share in dividend income per year, for a current yield of 3.71%. 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 $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.50, which would be a $0.01 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 $7.18 Billion. If realized, that would be a 10.29% increase over the year-ago quarter. Recently, Argus upgraded EXC from Hold to Buy (Mar 7, 2016). Previously, Citigroup downgraded EXC from Neutral to Sell. Investors should keep in mind is that the average price target is $36.72, which is 7.06% above where the stock opened this morning. See more in (NYSE:EXC) Similar Articles: Company Update: Exelon Corporation (NYSE:EXC) – Northwestern University and Exelon Establish Partnership for Clean Energy Innovation Stock Update: Exelon Corporation (NYSE:EXC) – Exelon Announces Outcome of 2016-2017 MISO Auction Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend
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