Creative Planning Buys 66,287 Shares of Exelon Co. (NASDAQ:EXC)

Creative Planning lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 49.1% during the third quarter, HoldingsChannel.com reports. The fund owned 201,264 shares of the company’s stock after buying an additional 66,287 shares during the quarter. Creative Planning’s holdings in Exelon were worth $8,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RFG Advisory LLC bought a new stake in Exelon during the 1st quarter valued at $209,000. Global Assets Advisory LLC bought a new stake in shares of Exelon in the first quarter valued at about $1,049,000. Kingswood Wealth Advisors LLC purchased a new stake in Exelon in the first quarter worth about $473,000. Wealth Enhancement Advisory Services LLC lifted its stake in Exelon by 49.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 110,227 shares of the company’s stock worth $4,141,000 after acquiring an additional 36,548 shares during the period. Finally, Register Financial Advisors LLC bought a new position in Exelon during the 1st quarter worth about $26,000. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC stock opened at $40.74 on Thursday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The firm has a market capitalization of $40.76 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.96 and a beta of 0.53. The stock’s 50-day simple moving average is $39.31 and its 200-day simple moving average is $37.57.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is 62.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EXC shares. UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Scotiabank boosted their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price target on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company raised their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.33.

About Exelon

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.