Parallax Volatility Advisers L.P. Buys New Shares in Exelon Corporation $EXC

Key Points

• Parallax Volatility Advisers L.P. purchased 25,950 shares of Exelon Corporation, valued at approximately $1,196,000, in the first quarter, according to its 13F filing.
• Exelon reported a quarterly EPS of $0.39, exceeding analyst estimates, with revenues of $5.43 billion for the quarter.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 3.7%.

Parallax Volatility Advisers L.P. bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,950 shares of the company's stock, valued at approximately $1,196,000.

A number of other institutional investors have also recently bought and sold shares of EXC. Algert Global LLC purchased a new stake in Exelon in the fourth quarter valued at approximately $489,000. Captrust Financial Advisors grew its holdings in Exelon by 8.4% in the fourth quarter. Captrust Financial Advisors now owns 49,951 shares of the company's stock valued at $1,880,000 after purchasing an additional 3,870 shares during the period. Cetera Investment Advisers grew its holdings in Exelon by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 238,312 shares of the company's stock valued at $8,970,000 after purchasing an additional 6,783 shares during the period. CoreCap Advisors LLC grew its stake in Exelon by 35.6% during the fourth quarter. CoreCap Advisors LLC now owns 4,003 shares of the company's stock worth $151,000 after buying an additional 1,050 shares during the period. Finally, Colonial Trust Co SC grew its stake in Exelon by 43.6% during the fourth quarter. Colonial Trust Co SC now owns 1,344 shares of the company's stock worth $51,000 after buying an additional 408 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.2%

NASDAQ EXC opened at $43.43 on Friday. The company's fifty day simple moving average is $44.00 and its 200-day simple moving average is $44.22. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a market cap of $43.86 billion, a P/E ratio of 16.51, a PEG ratio of 2.55 and a beta of 0.41.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is presently 60.84%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXC. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. KeyCorp decreased their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of "Hold" and an average target price of $47.20.

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.

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