Segment Wealth Management LLC Purchases 530 Shares of Exelon Co. (NASDAQ:EXC)

Segment Wealth Management LLC increased its holdings in Exelon Co. (NASDAQ:EXC) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,125 shares of the company’s stock after purchasing an additional 530 shares during the quarter. Segment Wealth Management LLC’s holdings in Exelon were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EXC. JPMorgan Chase & Co. boosted its stake in shares of Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. State Street Corp lifted its holdings in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the period. Nordea Investment Management AB boosted its position in Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after acquiring an additional 2,018,604 shares in the last quarter. FMR LLC grew 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. raised its position in shares of Exelon by 212.2% in 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. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

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

Exelon Stock Performance

Shares of EXC opened at $40.44 on Wednesday. The company has a market cap of $40.64 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.62 and a beta of 0.55. The business’s fifty day simple moving average is $38.03 and its two-hundred day simple moving average is $38.27. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

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

Exelon Dividend Announcement

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