Exelon Corporation (NASDAQ:EXC) Stock Holdings Lifted by Segment Wealth Management LLC

Segment Wealth Management LLC increased its stake in Exelon Corporation (NASDAQ:EXC) by 14.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,172 shares of the company’s stock after acquiring an additional 1,047 shares during the quarter. Segment Wealth Management LLC’s holdings in Exelon were worth $377,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Vontobel Holding Ltd. raised its holdings in shares of Exelon by 89.1% during the fourth quarter. Vontobel Holding Ltd. now owns 11,759 shares of the company’s stock valued at $443,000 after acquiring an additional 5,539 shares during the period. Principal Securities Inc. grew its position in Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company’s stock worth $851,000 after purchasing an additional 2,160 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Exelon during the 4th quarter valued at $204,000. Venturi Wealth Management LLC lifted its holdings in shares of Exelon by 438.1% in the fourth quarter. Venturi Wealth Management LLC now owns 5,828 shares of the company’s stock valued at $219,000 after purchasing an additional 4,745 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Exelon by 12.0% in the fourth quarter. Private Advisor Group LLC now owns 64,561 shares of the company’s stock worth $2,430,000 after buying an additional 6,900 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 0.5%

EXC stock opened at $42.60 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The firm has a market cap of $43.01 billion, a PE ratio of 15.84, a PEG ratio of 2.45 and a beta of 0.39. The company has a fifty day simple moving average of $44.54 and a 200 day simple moving average of $42.32. Exelon Corporation has a 1 year low of $34.01 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.76%. Exelon’s dividend payout ratio (DPR) is presently 59.48%.

Analyst Ratings Changes

Several brokerages recently issued reports on EXC. Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. KeyCorp lowered shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target for the company. in a research report on Wednesday, May 14th. Barclays boosted their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Guggenheim increased their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, UBS Group restated a “neutral” rating and set a $48.00 price target (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.40.

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.