Court Place Advisors LLC Invests $205,000 in Exelon Co. (NASDAQ:EXC)

Court Place Advisors LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) during the third quarter, Holdings Channel.com reports. The fund purchased 5,057 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors also recently made changes to their positions in the company. RFG Advisory LLC purchased a new position in Exelon in the first quarter valued at about $209,000. Global Assets Advisory LLC bought a new position in Exelon during the first quarter valued at $1,049,000. Kingswood Wealth Advisors LLC purchased a new stake in Exelon in the first quarter worth $473,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Exelon by 49.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 110,227 shares of the company’s stock valued at $4,141,000 after buying an additional 36,548 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of Exelon during the 1st quarter valued at $26,000. 80.92% of the stock is owned by institutional investors.

Exelon Price Performance

Shares of Exelon stock traded up $0.01 during trading on Friday, hitting $40.72. The stock had a trading volume of 539,629 shares, compared to its average volume of 6,725,356. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 2.93 and a beta of 0.53. The business’s 50-day moving average is $39.45 and its 200 day moving average is $37.61.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates 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 company earned $0.41 EPS. As a group, sell-side analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.