5,762 Shares in Exelon Co. (NASDAQ:EXC) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,762 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after purchasing an additional 3,068,309 shares during the period. State Street Corp raised its position in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after buying an additional 2,018,604 shares in the last quarter. FMR LLC lifted its holdings in shares of Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after acquiring an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Exelon by 212.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock worth $71,647,000 after acquiring an additional 1,293,753 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXC. Barclays cut their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank raised their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $44.00 in a research note on Tuesday. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $43.13.

Exelon Stock Up 0.4 %

Shares of NASDAQ EXC opened at $39.38 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market cap of $39.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. The company has a 50 day simple moving average of $38.12 and a 200 day simple moving average of $38.33.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, research analysts forecast that Exelon Co. will post 2.46 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Exelon’s payout ratio is 62.55%.

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.