Wealthfront Advisers LLC Acquires 20,566 Shares of Exelon Corporation $EXC

Wealthfront Advisers LLC lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 357,951 shares of the company’s stock after acquiring an additional 20,566 shares during the quarter. Wealthfront Advisers LLC’s holdings in Exelon were worth $17,547,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Caxton Associates LLP purchased a new stake in shares of Exelon during the 1st quarter valued at $286,000. Woodline Partners LP boosted its holdings in shares of Exelon by 40.7% in the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after buying an additional 24,580 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Exelon in the 2nd quarter worth about $2,448,000. Gamco Investors INC. ET AL bought a new position in Exelon during the second quarter valued at about $645,000. Finally, Treasurer of the State of North Carolina increased its holdings in Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after buying an additional 14,240 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. Morgan Stanley lowered their price target on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. TD Cowen dropped 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, BMO Capital Markets reissued a “market perform” rating and set a $49.00 price objective (down from $52.00) on shares of Exelon in a report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.33.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.79 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $47.88 billion, a PE ratio of 17.14, a P/E/G ratio of 2.65 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The company has a 50-day moving average price of $45.87 and a two-hundred day moving average price of $46.38.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, June 4th. Exelon’s payout ratio is currently 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.