Bokf Na Sells 8,643 Shares of Exelon Co. (NASDAQ:EXC)

Bokf Na cut its position in shares of Exelon Co. (NASDAQ:EXC) by 48.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,079 shares of the company’s stock after selling 8,643 shares during the quarter. Bokf Na’s holdings in Exelon were worth $314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Vanguard Group Inc. boosted its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after purchasing an additional 2,352,547 shares during the period. Lazard Asset Management LLC grew its stake in shares of Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Norges Bank bought a new position in shares of Exelon during the 4th quarter worth approximately $382,015,000. Finally, Putnam Investments LLC boosted its stake in Exelon by 2.9% in the 4th quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock valued at $348,639,000 after buying an additional 274,967 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

Shares of Exelon stock opened at $40.43 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $37.43 and a 200 day simple moving average of $36.96. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.82. The firm has a market cap of $40.45 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.88 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the firm earned $0.41 EPS. Sell-side analysts predict that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analysts Forecast Growth

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

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.