Segment Wealth Management LLC Acquires 2,143 Shares of Exelon Corporation $EXC

Segment Wealth Management LLC boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 26.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,315 shares of the company’s stock after purchasing an additional 2,143 shares during the quarter. Segment Wealth Management LLC’s holdings in Exelon were worth $448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Merit Financial Group LLC boosted its stake in Exelon by 266.6% in the 1st quarter. Merit Financial Group LLC now owns 19,935 shares of the company’s stock worth $919,000 after purchasing an additional 14,497 shares during the period. Curat Global LLC bought a new position in Exelon in the 1st quarter worth approximately $112,000. Procyon Advisors LLC bought a new position in Exelon in the 1st quarter worth approximately $230,000. Gateway Investment Advisers LLC bought a new position in Exelon in the 1st quarter worth approximately $217,000. Finally, Sivia Capital Partners LLC bought a new position in shares of Exelon during the 1st quarter valued at approximately $204,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

NASDAQ:EXC opened at $45.34 on Friday. The stock’s fifty day moving average is $44.18 and its 200 day moving average is $44.23. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm has a market capitalization of $45.79 billion, a PE ratio of 17.24, a PEG ratio of 2.66 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. Exelon’s quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is presently 60.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley lowered their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.44.

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.