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POM

Pepco Holdings

, EXC

Exelon

$33.09

0.34 (1.04%)

16:35
10/18/16
10/18
16:35
10/18/16
16:35

Pepco president: $27.1M in benefits approved for Delmarva customers, public

Delmarva Power residential and business customers will gain an additional $27.1M in benefits from the company's completed merger with Exelon (EXC) under a decision by state regulators, bringing the total value of benefits to more than $72M. The additional benefits in Delaware include more funds to support energy efficiency programs to help customers save money, economic development initiatives to spark business growth and assistance for low-income residents in paying their utility bills. "These new benefits will have a positive impact on customers, communities and the economy," said Pepco Holdings (POM) President Dave Velazquez. "As part of the Exelon family, Delmarva Power - led by Region President Gary Stockbridge - is stronger and better equipped to power the business community with reliable, affordable and sustainable energy. And this is on top of the previously agreed-upon package of merger benefits." "Through the merger, we're bringing a higher level of performance and innovation to customers and the communities we serve," said Chris Crane, president and CEO, Exelon. "The additional benefits in Delaware are further proof that we will deliver on our commitments, and that together we can deliver a leading-edge, modern energy system for our customers." Today's order from the Delaware Public Service Commission provides $27.1M in benefits to Delmarva Power customers and the public, in addition to the more than $45M in benefits in the original merger package. As part of the approval of the merger, Exelon, Delmarva Power and other parties including the Staff of the Public Service Commission, the Division of Public Advocate, and the Division of Natural Resources and Environmental Control agreed to increase the value of the state's merger benefits to make them commensurate with other jurisdictions. The Public Service Commission approved that agreement, and the additional benefits announced today are the result.

POM

Pepco Holdings

EXC

Exelon

$33.09

0.34 (1.04%)

POM Pepco Holdings

02/23/16
SBSH
02/23/16
DOWNGRADE
Target $27
SBSH
Sell
Exelon downgraded to Sell from Neutral at Citi
Citi analyst Praful Mehta downgraded Exelon (EXC) to Sell saying the Pepco Holdings (POM) deal is "value destructive." While Pepco adds $5B of equity value, it also adds $4B of additional parent net debt and 58M shares, Mehta tells inventors in a research note. He has a $27 price target for Exelon shares.
03/01/16
EVER
03/01/16
NO CHANGE
EVER
Pepco Holdings standalone target price is $20 at Evercore ISI
Evercore ISI analyst Greg Gordon reiterated his Pepco (POM) standalone target price of $20 per share, is "downside" case in the event the Exelon (EXC) merger doesn't happen. Gordon's base case target price assumes a 50/50 probability of the deal closing and is now $23.50, down from $25.50, which assumed the transaction would be completed. The analyst has a Hold rating on Pepco shares.
EXC Exelon
$33.09

0.34 (1.04%)

07/22/16
DBAB
07/22/16
UPGRADE
DBAB
Buy
Exelon upgraded to Buy from Hold at Deutsche Bank
07/22/16
DBAB
07/22/16
UPGRADE
Target $39
DBAB
Buy
Exelon upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Jonathan Arnold upgraded Exelon to Buy saying the company is a "cheap play on regulated assets with catalysts." The analyst raised his price target for the shares to $39 from $36.
07/22/16
07/22/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cigna (CI) upgraded to Conviction Buy from Buy at Goldman with analyst Matthew Borsch saying saying shares are undervalued and sees upside potential in capital redeployment capacity. 2. Exelon (EXC) upgraded to Buy from Hold at Deutsche Bank with analyst Jonathan Arnold saying the company is a "cheap play on regulated assets with catalysts." 3. UnitedHealth (UNH) upgraded to Buy from Hold at Argus with the firm saying it thinks that the company's decision to exit the Affordable Care Act exchanges next year will boost its Earnings Per Share in 2017, and it thinks that the outlook for the company's Optum businesses is "favorable." 4. Sherwin-Williams (SHW) upgraded to Buy from Outperform at CLSA with analyst Nils-Bertil Wallin citing valuation and sustainable long-term growth. 5. Viacom (VIAB) upgraded to Neutral from Underweight at Atlantic Equities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
SBSH
10/04/16
NO CHANGE
SBSH
Sell
Citi sees more downside in Exelon, FirstEnergy
Citi analyst Praful Mehta reiterates Sell ratings on shares of Exelon (EXC) and FirstEnergy (FE). The analyst lowered his price target for Exelon to $27 from $29 and for FirstEnergy to $29 from $31. Exelon needs external support for its nuclear units to extend asset life and improve valuations while FirstEnergy has "significant challenges" around its credit and underfunded pension, Mehta tells investors in a research note. He see further share downside in both names.

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, SSNC

SS&C

$48.48

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MON

Monsanto

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COG

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$28.03

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WLK

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BLUE

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UNH

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CLR

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