Newfound Research adds Exelon Corporation (EXC) to its portfolio

Exelon Corporation (EXC) : Newfound Research added new position in Exelon Corporation during the most recent quarter end. The investment management firm now holds 67 shares of Exelon Corporation which is valued at $2,332 , the company said in a statement filed on Aug 9, 2016 with the SEC.

Other Hedge Funds, Including , D’orazio Associates reduced its stake in EXC by selling 265 shares or 56.99% in the most recent quarter. The Hedge Fund company now holds 200 shares of EXC which is valued at $7,222.Plante Moran Financial Advisors reduced its stake in EXC by selling 330 shares or 35.87% in the most recent quarter. The Hedge Fund company now holds 590 shares of EXC which is valued at $21,576. Exelon Corporation makes up approx 0.02% of Plante Moran Financial Advisors’s portfolio.Cutler Group Lp reduced its stake in EXC by selling 33,579 shares or 82.97% in the most recent quarter. The Hedge Fund company now holds 6,891 shares of EXC which is valued at $253,244. Exelon Corporation makes up approx 0.02% of Cutler Group Lp’s portfolio.

Exelon Corporation opened for trading at $34.19 and hit $34.66 on the upside on Wednesday, eventually ending the session at $34.58, with a gain of 1.02% or 0.35 points. The heightened volatility saw the trading volume jump to 62,49,005 shares. Company has a market cap of $31,913 M.

On the company’s financial health, Exelon Corporation reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.56. The company had revenue of $6910.00 million for the quarter, compared to analysts expectations of $6965.80 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Exelon Corporation. Company shares were Upgraded by Deutsche Bank on Jul 22, 2016 to ” Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $36 .

Exelon Corporation (Exelon) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company LLC’s (Generation) six marketing segments Commonwealth Edison Company (ComEd) PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generation’s business consists of the generation physical delivery and marketing of power across geographical regions. ComEd’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECO’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGE’s business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.

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