Cliftonlarsonallen Wealth Advisors LLC Has $2.02 Million Stake in Exelon Co. (NASDAQ:EXC)

Cliftonlarsonallen Wealth Advisors LLC grew its stake in Exelon Co. (NASDAQ:EXC) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,771 shares of the company’s stock after purchasing an additional 1,036 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exelon were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its position in 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 purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. raised its holdings in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. Swedbank AB acquired a new position in Exelon in the 1st quarter valued at approximately $96,859,000. Finally, M&G Plc acquired a new position in Exelon in the 1st quarter valued at approximately $89,266,000. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.5 %

NASDAQ:EXC opened at $39.93 on Tuesday. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. The company has a market cap of $39.93 billion, a PE ratio of 17.21, a PEG ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a 50-day moving average of $38.91 and a 200-day moving average of $37.42.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.81%. Exelon’s payout ratio is 65.52%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EXC shares. Barclays boosted their price objective on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Morgan Stanley lifted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company increased their target price 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, Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.08.

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.