Market Update: Exelon Corporation (NYSE:EXC) – Mike Kormos Joins Exelon as Senior Vice President of Wholesale Markets and Energy Policy

[Business Wire] – Exelon today announced that it has named Mike Kormos as senior vice president of Wholesale Markets and Energy Policy, effective June 13. Kormos joins Exelon following a 27-year career with PJM, where he most recently served as executive vice president and chief operations officer. Read more on this. Exelon Corporation (EXC) , with a current value of $30.70B, began trading this morning at $35.05. Looking at today’s trading action, the company’s one day range from $34.33 to $35.20 with the price of the stock fluctuating between $25.09 to $35.95 over the last 52 weeks. EXC shares are currently priced at 14.06x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.01x earnings multiple. And for income investors, the company pays shareholders $1.27 per share annually in dividends, yielding 3.66%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $0.53 per share, which would be $0.06 worse than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.50 would be a $0.01 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 $7.24 Billion. If realized, that would be a 11.21% increase 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. Investors should keep in mind is that the average price target is $36.33, which is 3.65% 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 Market Update (NYSE:EXC): Dan Eggers Joins Exelon as Senior Vice President of Investor Relations Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend