SFG Wealth Management LLC. Buys Shares of 7,152 Exelon Co. (NASDAQ:EXC)

SFG Wealth Management LLC. purchased a new position in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,152 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Foundations Investment Advisors LLC boosted 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 purchasing an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after buying an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after buying an additional 275 shares in the last quarter. Ballentine Partners LLC grew its position in shares of 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 buying an additional 285 shares during the last quarter. Finally, Ledyard National Bank raised its stake in shares of Exelon by 5.1% during the 3rd quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock worth $257,000 after acquiring an additional 308 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Scotiabank raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.29.

Exelon Price Performance

NASDAQ EXC opened at $39.42 on Monday. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.48 and a beta of 0.55. 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 stock’s fifty day moving average price is $38.01 and its 200 day moving average price is $38.21. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19.

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

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. 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.