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

Creative Planning grew its position in Exelon Co. (NASDAQ:EXC) by 49.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,264 shares of the company’s stock after purchasing an additional 66,287 shares during the quarter. Creative Planning’s holdings in Exelon were worth $8,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of EXC. Register Financial Advisors LLC bought a new stake in Exelon during the 1st quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new position in shares of Exelon in the first quarter worth $26,000. Versant Capital Management Inc lifted its holdings in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Exelon during the second quarter worth $28,000. Finally, American National Bank & Trust grew its stake in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on EXC shares. Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company increased their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.33.

Exelon Price Performance

Exelon stock opened at $40.74 on Thursday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.48. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $39.31 and a 200-day moving average price of $37.57. The firm has a market capitalization of $40.76 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $5.36 billion during 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 last year, the firm earned $0.41 earnings per share. As a group, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.