Segment Wealth Management LLC Grows Stock Position in Exelon Co. (NASDAQ:EXC)

Segment Wealth Management LLC increased its holdings in Exelon Co. (NASDAQ:EXC) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,125 shares of the company’s stock after buying an additional 530 shares during the quarter. Segment Wealth Management LLC’s holdings in Exelon were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Foundations Investment Advisors LLC increased its position in Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after purchasing an additional 275 shares during the last quarter. Ballentine Partners LLC raised its position in Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after purchasing an additional 285 shares during the period. Finally, Ledyard National Bank raised its position in Exelon by 5.1% in the 3rd quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock worth $257,000 after purchasing an additional 308 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Up 2.6 %

NASDAQ:EXC opened at $40.44 on Wednesday. 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 $40.64 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a 50-day moving average of $38.03 and a 200 day moving average of $38.27. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, research analysts anticipate that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of analyst reports. Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research report on Tuesday. Scotiabank lifted their target price on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.38.

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.