Creative Planning Has $4.67 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Creative Planning trimmed its stake in Exelon Co. (NASDAQ:EXC) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,977 shares of the company’s stock after selling 12,073 shares during the quarter. Creative Planning’s holdings in Exelon were worth $4,672,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Wellington Management Group LLP lifted its stake in shares of Exelon by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after buying an additional 2,352,547 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after buying an additional 16,686,526 shares in the last quarter. Putnam Investments LLC lifted its stake in shares of Exelon by 2.9% in the fourth quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock valued at $348,639,000 after buying an additional 274,967 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after buying an additional 113,428 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Down 0.4 %

Shares of EXC opened at $40.78 on Friday. The firm has a market cap of $40.80 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.92 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The firm has a 50 day moving average price of $38.61 and a 200-day moving average price of $37.28.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business posted $0.41 EPS. As a group, equities research analysts forecast that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXC. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Scotiabank raised their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley raised their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.08.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.