UMB Bank n.a. Sells 8,613 Shares of Exelon Co. (NASDAQ:EXC)

UMB Bank n.a. reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 91.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793 shares of the company’s stock after selling 8,613 shares during the period. UMB Bank n.a.’s holdings in Exelon were worth $27,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in Exelon during the first quarter valued at about $26,000. Heritage Wealth Advisors raised its holdings in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares in the last quarter. Register Financial Advisors LLC bought a new position in Exelon during the first quarter valued at about $26,000. Versant Capital Management Inc raised its holdings in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new position in Exelon during the second quarter valued at about $28,000. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXC has been the topic of several recent research reports. Morgan Stanley raised their target price on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Barclays raised their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Scotiabank raised their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company raised their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.82.

Exelon Stock Up 0.2 %

EXC stock opened at $38.09 on Friday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $42.15. The company has a market cap of $38.09 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The business’s 50-day simple moving average is $36.47 and its 200 day simple moving average is $36.67. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released 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. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period last year, the business earned $0.41 earnings per share. On average, research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio is 65.52%.

Exelon Company 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.