Company Update: Exelon Corporation (NYSE:EXC) – Northwestern University and Exelon Establish Partnership for Clean Energy Innovation

[Business Wire] – Northwestern University, its Institute for Sustainability and Energy at Northwestern , and Exelon Corporation announced today the formation of a five-year strategic research partnership focused on clean energy innovation. Read more on this. Exelon Corporation (EXC) , with a current market cap of $31.86B, opened this morning at $34.84. A quick look at the market, the company’s stock traded between $34.53 and $35.02 and has traded between $25.09 and $35.95 over the past year. EXC shares are currently priced at 13.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.16x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.27 per share annually in dividends, yielding 3.64%. In a review of the consensus earnings estimate this quarter, 11 sell-side analysts are looking at $0.54 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.54 is a $0.05 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.06 Billion. If reported, that would be a 8.45% increase over the year-ago quarter. More recently, Argus upgraded EXC from Hold to Buy (Mar 7, 2016). Previously, Citigroup downgraded EXC from Neutral to Sell. Given all the information above, we should disclose to readers that the average price target is $36.94, which is 6.03% above than it opened this morning. See more in (NYSE:EXC) Similar Articles: Company Update: Exelon Corporation (NYSE:EXC) – Exelon Hosts Spring Innovation Expo Focused on the Next Generation Energy Company Company Update: Exelon Corporation (NYSE:EXC) – Exelon Employees Leading More Than 160 Service Projects in Their Communities around National Volunteer Week Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend