UMB Bank n.a. lifted its stake in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 49.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,276 shares of the company’s stock after purchasing an additional 748 shares during the quarter. UMB Bank n.a.’s holdings in Exelon were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. American National Bank & Trust grew its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon during the 3rd quarter valued at $32,000. Versant Capital Management Inc grew its position in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Exelon in the 2nd quarter worth about $57,000. Finally, Catalyst Capital Advisors LLC raised its position in Exelon by 63.4% in the third quarter. Catalyst Capital Advisors LLC now owns 1,598 shares of the company’s stock valued at $65,000 after purchasing an additional 620 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EXC has been the topic of several research reports. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $44.00 in a report on Tuesday. Barclays dropped their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday. Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and an average price target of $43.13.
Exelon Price Performance
Shares of EXC opened at $39.24 on Friday. The firm has a market cap of $39.43 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.55. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The business’s 50 day moving average price is $38.09 and its two-hundred day moving average price is $38.32. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.
Exelon (NASDAQ:EXC – Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, equities analysts anticipate that Exelon Co. will post 2.46 EPS for the current year.
Exelon Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.87%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.
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.
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