Stock Update (NYSE:EXC): Exelon Notifies Grid Operator of Plans to Close Quad Cities

[Business Wire] – Exelon Generation has formally notified grid operator PJM Interconnection of its plans to retire the Quad Cities Generating Station on June 1, 2018. This is the latest of several procedural notifications Exelon is required to make prior to retiring the Quad Cities and Clinton nuclear stations in Illinois. Read more on this. Exelon Corporation (EXC) , currently valued at $31.93B, opened at $36.45. During the trading session, EXC traded between $35.99 to $36.53 with its 52-week range being $25.09 to $36.68. Priced at 14.65x this year’s forecasted earnings, EXC shares are relatively inexpensive compared to the industry’s 15.89x forward p/e ratio. And for passive income investors, the company pays shareholders $1.27 per share annually in dividends, yielding 3.51%. According to a consensus of 12 analysts, the earnings estimate of $0.53 per share would be $0.06 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.50 would be a $0.01 improvement 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 $7.26 Billion. If realized, that would be a 11.52% 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. The average price target for EXC shares by the analysts covering the stock is $36.29, which is 0.44% below where the stock opened this morning. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – Exelon Notifies Nuclear Energy Regulator of Plans to Close Clinton and Quad Cities Stock Update: Exelon Corporation (NYSE:EXC) – Exelon Recognizes 21 Outstanding Employee Volunteers and Donates $145,000 to the Causes They Support Company Update: Exelon Corporation (NYSE:EXC) – Exelon Announces Early Retirement of Clinton and Quad Cities Nuclear Plants