Exelon Corporation $EXC Stake Boosted by Creative Planning

Creative Planning increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 59.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,450 shares of the company’s stock after acquiring an additional 130,391 shares during the period. Creative Planning’s holdings in Exelon were worth $15,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hager Investment Management Services LLC raised its stake in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Exelon during the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon in the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.4%

Shares of EXC stock opened at $46.60 on Tuesday. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a market cap of $47.08 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The stock has a 50 day moving average of $45.70 and a 200-day moving average of $44.47.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s dividend payout ratio is currently 57.35%.

Analyst Ratings Changes

EXC has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. BTIG Research assumed coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. TD Cowen assumed coverage on Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.55.

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.