Captrust Financial Advisors Increases Holdings in Exelon Co. (NASDAQ:EXC)

Captrust Financial Advisors boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 46,081 shares of the company’s stock after acquiring an additional 1,868 shares during the quarter. Captrust Financial Advisors’ holdings in Exelon were worth $1,869,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Providence Wealth Advisors LLC grew its holdings in shares of Exelon by 2.2% during the 3rd quarter. Providence Wealth Advisors LLC now owns 39,378 shares of the company’s stock worth $1,595,000 after acquiring an additional 833 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in shares of Exelon by 9.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 360,267 shares of the company’s stock worth $14,609,000 after acquiring an additional 29,703 shares during the period. Vinva Investment Management Ltd grew its holdings in shares of Exelon by 151.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 70,476 shares of the company’s stock worth $2,846,000 after acquiring an additional 42,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Exelon by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after acquiring an additional 160,313 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of Exelon by 3.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 174,692 shares of the company’s stock worth $7,084,000 after acquiring an additional 5,100 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXC shares. Morgan Stanley reduced their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Barclays boosted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Performance

EXC stock opened at $37.85 on Friday. The stock has a market capitalization of $38.03 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock’s 50 day simple moving average is $39.43 and its 200 day simple moving average is $37.87.

Exelon (NASDAQ:EXC) last released its quarterly 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. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. As a group, research analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Exelon Profile

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.