Simmons Bank Sells 379 Shares of Exelon Co. (NASDAQ:EXC)

Simmons Bank reduced its position in shares of Exelon Co. (NASDAQ:EXC) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,022 shares of the company’s stock after selling 379 shares during the period. Simmons Bank’s holdings in Exelon were worth $719,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Antonetti Capital Management LLC lifted its stake in shares of Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Addison Advisors LLC boosted its stake in Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after buying an additional 276 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in Exelon during the third quarter valued at about $31,000. Bruce G. Allen Investments LLC bought a new position in shares of Exelon in the fourth quarter worth approximately $34,000. Finally, Peoples Bank KS purchased a new position in Exelon during the 3rd quarter valued at about $38,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXC shares. Wells Fargo & Company raised their target price on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Bank of America reduced their price objective 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. TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Finally, Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.83.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.01 during midday trading on Wednesday, hitting $37.90. 4,878,681 shares of the company’s stock were exchanged, compared to its average volume of 6,556,282. The firm has a market cap of $37.90 billion, a P/E ratio of 16.26, a PEG ratio of 2.71 and a beta of 0.53. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The stock’s 50 day moving average price is $37.02 and its 200-day moving average price is $36.96. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the company posted $0.43 EPS. Exelon’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts anticipate that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. Exelon’s dividend payout ratio is 65.52%.

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.