Simplicity Solutions LLC Has $376,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Simplicity Solutions LLC trimmed its position in Exelon Co. (NASDAQ:EXC) by 11.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,486 shares of the company’s stock after selling 1,340 shares during the period. Simplicity Solutions LLC’s holdings in Exelon were worth $376,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EXC. Pacer Advisors Inc. lifted its stake in shares of Exelon by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after buying an additional 88,614 shares in the last quarter. Raymond James & Associates lifted its position in Exelon by 24.4% in the 4th quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock valued at $16,660,000 after acquiring an additional 91,088 shares in the last quarter. Invesco Ltd. boosted its stake in Exelon by 12.2% during the 3rd quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after purchasing an additional 1,092,736 shares during the last quarter. Duality Advisers LP bought a new stake in Exelon during the 3rd quarter worth approximately $1,418,000. Finally, Bank of Nova Scotia raised its stake in shares of Exelon by 299.5% in the third quarter. Bank of Nova Scotia now owns 641,757 shares of the company’s stock worth $24,252,000 after purchasing an additional 481,127 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and lowered their target price for the company from $47.00 to $37.00 in a report on Tuesday, January 2nd. Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Finally, Bank of America dropped their target price on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Exelon currently has an average rating of “Hold” and an average price target of $39.09.

Exelon Stock Performance

NASDAQ:EXC opened at $37.55 on Friday. The company has a market capitalization of $37.53 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.68 and a beta of 0.54. The business has a fifty day simple moving average of $36.43 and a two-hundred day simple moving average of $37.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.71.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts expect that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. This is a positive change from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is 65.24%.

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.