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

Parallax Volatility Advisers L.P. acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,792 shares of the company’s stock, valued at approximately $1,109,000.

Other hedge funds also recently bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in shares of Exelon in the 4th quarter valued at approximately $25,000. Leonteq Securities AG bought a new position in Exelon during the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc raised its position in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares in the last quarter. SHP Wealth Management acquired a new stake in Exelon in the fourth quarter valued at approximately $26,000. Finally, Eastern Bank acquired a new stake in Exelon in the second quarter valued at approximately $26,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Exelon Trading Up 0.3%

Exelon stock opened at $44.44 on Thursday. The business has a 50 day moving average price of $46.15 and a two-hundred day moving average price of $46.72. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31.

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

Exelon Dividend Announcement

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

About Exelon

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.