Cliftonlarsonallen Wealth Advisors LLC Boosts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Cliftonlarsonallen Wealth Advisors LLC grew its position in Exelon Co. (NASDAQ:EXC) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,139 shares of the company’s stock after acquiring an additional 368 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exelon were worth $1,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC boosted its holdings in shares of Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after purchasing an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after buying an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after buying an additional 275 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after acquiring an additional 285 shares during the last quarter. Finally, Ledyard National Bank raised its holdings in shares of Exelon by 5.1% during the 3rd quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock worth $257,000 after acquiring an additional 308 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 1.5 %

Shares of NASDAQ:EXC traded up $0.58 during trading on Wednesday, hitting $38.50. 485,791 shares of the company were exchanged, compared to its average volume of 5,236,106. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm’s 50 day moving average price is $37.96 and its 200-day moving average price is $38.15. The stock has a market capitalization of $38.69 billion, a P/E ratio of 15.84, a PEG 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.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

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

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.