Cliftonlarsonallen Wealth Advisors LLC Acquires 368 Shares of Exelon Co. (NASDAQ:EXC)

Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Exelon Co. (NASDAQ:EXCFree Report) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,139 shares of the company’s stock after purchasing an additional 368 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exelon were worth $1,887,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Exelon during the 2nd quarter worth $41,000. DekaBank Deutsche Girozentrale grew its holdings in Exelon by 17.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 319,515 shares of the company’s stock worth $11,046,000 after purchasing an additional 47,944 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Exelon by 192.7% during the second quarter. Federated Hermes Inc. now owns 16,856 shares of the company’s stock worth $583,000 after purchasing an additional 11,098 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Exelon by 11.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,407 shares of the company’s stock valued at $360,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Exelon by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after purchasing an additional 237,950 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. Scotiabank upped their target price on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays raised their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.38.

Get Our Latest Report on Exelon

Exelon Stock Performance

EXC traded up $0.58 on Wednesday, reaching $38.50. The stock had a trading volume of 485,791 shares, compared to its average volume of 5,236,106. The business’s 50-day moving average price is $37.96 and its two-hundred day moving average price is $38.15. The company has a market cap of $38.69 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

Exelon Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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