Exelon - Einstieg nach Herabstufung ?!

Exelon 3rd-Quarter Profit Soars on Positive Hedging Impacts, Lower Costs

www.euroinvestor.com/news/2013/10/30/...s-lower-costs/12555086

By Tess Stynes


Exelon Corp.'s (EXC) third-quarter earnings surged as the nuclear-power producer benefited from positive hedging impacts and lower costs.

The company narrowed its per-share earnings estimate for the year to $2.40 to $2.60, from its previous estimate for $2.35 to $2.65.

Exelon, the largest owner and operator of nuclear-power plants in the U.S., acquired Constellation Energy Group last year in an $8 billion deal that added a growing retail power business in states such as Texas, New Jersey and Pennsylvania.

The company's wholesale power business has continued to struggle as power prices have remained low for a prolonged period and demand has been flat.

In the latest quarter, the company's generating segment's adjusted earnings fell 10% amid lower realized market prices and higher nuclear fuel costs.

Exelon reported a profit of $736 million, or 86 cents a share, up sharply from $297 million, or 35 cents, a year earlier. Excluding mark-to-market impacts, year-earlier impacts related to the sale or retirement of generating plants, as well as other items, adjusted earnings were up at 78 cents from 77 cents. Revenue decreased 1.2% to $6.5 billion.

Analysts polled by Thomson Reuters recently expected per-share earnings of 66 cents and revenue of $6.2 billion.


Expenses for purchased power and fuel dropped 9.4%. Operating and maintenance costs declined 20%.

Shares closed Tuesday at $28.05 and were inactive in recent premarket trading. Through Tuesday's close, the stock is down 5.7% this year.

Exelon Corporation Q4 Earnings Rise; Full-Year Guidance In-Line with Expectations (EXC)

www.dividend.com/news/2014/...e-in-line-with-expectations-exc/

On Thursday, Exelon Corporation (EXC) reported higher fourth quarter earnings and an outlook for 2014 that is in-line with estimates.

EXC’s Earnings in Brief

EXC reported Q4 earnings of $495 million, or 58 cents per share, from $378 million, or 44 cents per share a year ago.
Excluding special items, earnings were 50 cents per share, down from 64 cents per share last year. Analysts expected to see earnings of 54 cents per share.
Revenue for the quarter was $6.18 billion, beating analysts estimate of $5.63 billion.
Looking forward, EXC expects to see FY2014 earnings between $2.25 and $2.55 per share. Analysts expect to see earnings of $2.29 per share.
CEO Commentary

EXC’s President and CEO Christopher M. Crane commented: “Exelon delivered another year of strong operational performance and earnings within our guidance range, despite challenging market conditions.”

“On the generation side of our business, we achieved a nuclear capacity factor of greater than 94 percent in a year of record output. Each of Exelon’s three utilities had its best year in reliability and customer satisfaction,” Crane added.

EXC’s Dividend

The company declared its last quarterly dividend of 31 cents per share on January 28. This dividend will be paid on March 10 to shareholders of record on February 14. The stock has an ex-dividend date of February 12.

Stock Performance

Exelon shares were mostly flat during premarket trading Thursday. The stock is up 5% YTD.

The Bottom Line
Shares of Exelon Corporation (EXC) have a 4.30% yield, based on Wednesday’s closing price of $28.86.

Exelon Corporation (EXC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.