Parallax Volatility Advisers L.P. Purchases Shares of 23,792 Exelon Corporation $EXC

Parallax Volatility Advisers L.P. acquired a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,792 shares of the company's stock, valued at approximately $1,109,000.

A number of other hedge funds have also made changes to their positions in EXC. Caxton Associates LLP acquired a new position in Exelon during the 1st quarter worth approximately $286,000. Woodline Partners LP grew its position in Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company's stock valued at $3,913,000 after acquiring an additional 24,580 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Exelon during the second quarter valued at approximately $2,448,000. Gamco Investors INC. ET AL purchased a new position in shares of Exelon in the second quarter valued at $645,000. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Exelon by 3.1% in the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock valued at $20,502,000 after purchasing an additional 14,240 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

EXC has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, May 15th. Morgan Stanley dropped their target price on Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. KeyCorp cut their price target on Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings downgraded Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, Truist Financial dropped their price objective on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $50.07.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.44 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a market capitalization of $45.87 billion, a PE ratio of 16.28, a P/E/G ratio of 2.68 and a beta of 0.31. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The business's fifty day moving average price is $46.15 and its two-hundred day moving average price is $46.72.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business's quarterly revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's dividend payout ratio is presently 61.54%.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company's businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon's operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.

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